Webcasts & Speaking Engagements

Anti-Money Laundering and Suspicious Activity Report Training for Non-bank RMLOs

Jeffrey Naimon was a Course Instructor for the Mortgage Bankers Association’s Anti-Money Laundering (AML) and Suspicious Activity Report (SAR) Training for Nonbank Residential Mortgage Lenders and Originators (RMLOs) on August 2, 2012.

Training is required under the new FinCEN regulation of all employees of RMLOs. Mr. Naimon discussed money laundering and how it works, AML and SAR reporting requirements, the role of AML programs and SARs in fighting mortgage fraud and preventing losses; the AML program structure; what triggers a SAR filing; red flags for mortgage professionals to be aware of; timing and confidentiality requirements of SARs; and the risks and penalties for violating BSA/AML requirements.