Certificate for Respondent's Playbook (CRP)
About the Certification
We are pleased to announce an updated version of the BAFT Certificate for Respondent’s Playbook (CRP), the 2.0 version is now available!
We designed this resource to train respondent banks on international anti-money laundering/combating the financing of terrorism (AML/CFT) standards and to recommend actions that may improve their ability to obtain and maintain a correspondent banking relationship.
It outlines the decision-making process of correspondents establishing new and reviewing existing relationships and the measures that respondents may take to increase the likelihood of a favorable outcome.
The newest version incorporates current regulatory changes in the marketplace and includes a new section on the ISO 20022 migration in addition to sections covering:
- An Introduction on the Current State of Correspondent Banking
- Establishing a New Correspondent Relationship
- Maintaining an Existing Correspondent Relationship
- Options for Respondent Banks Unable to Obtain or Maintain a Relationship
- Special Considerations for Money Services Businesses and Fintechs
- Frequently Asked Questions from Respondent Banks
This certification is geared toward banks, primarily compliance, risk management, credit officers, and transaction banking business line staff who typically serve as the first line of defense.
Earn Continuing Professional Development Credits (CPDs)
CRP has been approved for 9 CPDs from the American Bankers Association and 7 CPDs from the ICC Academy.
Certificate Structure
- 9 Courses
- Program Duration: Approximately 9 hours; 45 to 60 minutes per course
- Delivery: Self Paced and On-Demand via the BAFT LMS
- Level: Introductory
- Experience: All Experience Levels
Studying
Comprising 9 courses, the industry-validated certificate was developed by a group of leading transaction banking experts from BAFT’s global community. Each course has been tailor-made to develop the skills needed to walk away with an understanding of the core components of transaction banking prior to diving more deeply into bank specific processes and procedures.
Course Overview
- Course I: Introduction to Correspondent Banking
- Course II: Considerations in Establishing a Relationship
- Course III: Understanding the Risk Assessment
- Course IV: Understanding Due Diligence
- Course V: Best Practices and Other Considerations
- Course VI: Maintaining a Relationship
- Course VII: Increased Financial Crime Exposure and Compliance Risk
- Course VIII: Options for Respondents Unable to Obtain/Maintain a Relationship
- Course IX: Special Considerations for Money Services Businesses and Fintech Companies
- Course X: Course Summary and Key Takeaways
Assessment
- Live assessment proctored via the internet
- The assessment consists of multiple choice questions
- An 80% pass rate is required
- Upon passing the examination, learners will be issued an accredited Certificate for Respondent's Playbook
CRP Instructor
Samantha Pelosi
Senior Director, Risk and Regulatory Compliance
Guidehouse
Samantha Pelosi is the former Senior Vice President of Payments and Innovation at BAFT. Samantha was responsible for defining and executing the association’s strategy for emerging technologies (such as blockchain and artificial intelligence), payments, and financial crime compliance. Samantha joined BAFT from the Federal Reserve Board, where she led all retail payments initiatives (including FedNow) as a policymaker and implemented the Dodd-Frank Act as legal counsel. She built the compliance function of Travelex Global Business Payments (now Western Union Business Solutions) from the ground up as its global head of regulations and compliance. She advanced the anti-money laundering mission of the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) following 9/11 and the passage of the USA PATRIOT Act. She began her career as a corporate and finance attorney at the Silicon Valley based law firm of Morrison & Foerster. Pelosi holds a JD from the University of Virginia School of Law and a BA in political science from Duke University.
Register
To complete registration and payment you will be taken to the BAFT Learning Management System.
Access: This includes access to all 9 on-demand e-courses and a Certificate for Respondent’s Playbook upon completion.
Payment: Visa, American Express, Mastercard, Discover. For alternative forms of payment please contact [email protected].
Group Rates: For group pricing please email [email protected].
Fees
- Members – $399 USD
- Non-Members – $499 USD
Non-members who select BAFT Member pricing are responsible for the remaining balance. Verify your organization is a member of BAFT by viewing the BAFT Member List prior to registering.
