1. Short title This Act may be cited as the Anti-Money Laundering Training Improvement Act . 2. Training for Federal examiners (a) In general Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following: 5333 Training regarding anti-money laundering and countering the financing of terrorism (a) Training requirement Each Federal examiner reviewing compliance with the Bank Secrecy Act shall attend appropriate annual training, as determined by the Secretary of the Treasury, relating to anti-money laundering activities and countering the financing of terrorism. (b) Required topics The training described in subsection (a) shall address— (1) risk profiles and warning signs that an examiner may encounter during examinations; (2) financial crime patterns and trends; (3) background on the risks anti-money laundering programs and countering the financing of terrorism programs seek to mitigate and the importance of these programs for law enforcement and national security agencies; and (4) de-risking and the effect of de-risking on the provision of financial services. (c) Training materials and standards The Secretary of the Treasury shall, in consultation with the Financial Institutions Examination Council, the Financial Crimes Enforcement Network, and Federal, State, Tribal, and local law enforcement agencies, establish appropriate training materials and standards for the training required by subsection (a). (d) Bank Secrecy Act Defined For the purposes of this section, the term Bank Secrecy Act means— (1) section 21 of the Federal Deposit Insurance Act ( 12 U.S.C. 1829b ); (2) chapter 2 of title I of Public Law 91–508 ( 12 U.S.C. 1951 et seq.)