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Description:
Section 314(b) of the USA PATRIOT Act provides a powerful yet often underused tool for financial institutions to share information about potential money laundering or terrorist financing. This course provides a deep dive into how 314(b) works, why it matters, and how to build an effective internal program that supports collaboration while maintaining compliance. Participants will learn how to communicate with peer institutions safely and legally, how to handle sensitive data responsibly, and how to document outcomes that strengthen AML casework and regulatory response. Real-world examples and best practices will demonstrate how 314(b) collaboration has uncovered hidden networks and improved overall detection of illicit activity. By mastering the 314(b) process, professionals can amplify the impact of their institution’s financial crime investigations and contribute to a stronger, safer financial system.
Who This Is Designed For:
AML professionals, compliance officers, and investigators who want to understand and apply 314(b) information-sharing procedures within their institutions.
Agenda:
Understanding 314(b): The legal foundation and its purpose in AML collaboration.
Information Sharing Protocols: How to communicate with peer institutions securely and appropriately.
Program Setup: Building a compliant 314(b) process within your AML framework.
Documentation and Reporting: How shared findings tie into internal investigations and SAR narratives.
Case Studies: Real-world examples of how 314(b) enhanced investigations and outcomes.
By the end of this course, you will know how to:
Establish a compliant 314(b) program within your institution.
Communicate with other financial institutions to uncover hidden risks.
Document findings that support internal case management and SAR filings.
Strengthen overall AML collaboration and investigative efficiency.
Description:
Section 314(b) of the USA PATRIOT Act provides a powerful yet often underused tool for financial institutions to share information about potential money laundering or terrorist financing. This course provides a deep dive into how 314(b) works, why it matters, and how to build an effective internal program that supports collaboration while maintaining compliance. Participants will learn how to communicate with peer institutions safely and legally, how to handle sensitive data responsibly, and how to document outcomes that strengthen AML casework and regulatory response. Real-world examples and best practices will demonstrate how 314(b) collaboration has uncovered hidden networks and improved overall detection of illicit activity. By mastering the 314(b) process, professionals can amplify the impact of their institution’s financial crime investigations and contribute to a stronger, safer financial system.
Who This Is Designed For:
AML professionals, compliance officers, and investigators who want to understand and apply 314(b) information-sharing procedures within their institutions.
Agenda:
Understanding 314(b): The legal foundation and its purpose in AML collaboration.
Information Sharing Protocols: How to communicate with peer institutions securely and appropriately.
Program Setup: Building a compliant 314(b) process within your AML framework.
Documentation and Reporting: How shared findings tie into internal investigations and SAR narratives.
Case Studies: Real-world examples of how 314(b) enhanced investigations and outcomes.
By the end of this course, you will know how to:
Establish a compliant 314(b) program within your institution.
Communicate with other financial institutions to uncover hidden risks.
Document findings that support internal case management and SAR filings.
Strengthen overall AML collaboration and investigative efficiency.