The formal requirements for financial institution compliance under the Bank Secrecy Act (BSA) are significant. With the regulatory agencies committing to tougher and more inclusive BSA/AML examinations, it is important to make certain your BSA/AML program is appropriate for your institution's risk exposure.?
Gain in-depth knowledge, resources, and peer networks to effectively manage your BSA/AML function or audit this function properly. This comprehensive training covers the primary requirements of each segment of the regulation and offers guidance on best practice expectations in each area.
To earn the Certified BSA/AML Professional (CBAP) certification, you will be required to attend this program in its entirety, complete all assignments, and achieve a passing score on the certification exam. If you decide to enroll in the certification testing after you register for the class, please contact an ICBA Education representative at 800-422-7285.
Learning Objectives:
Review Bank Secrecy Act and Anti-Money Laundering program requirements, including emerging trends and industry observations.
Analyze traditional financial recordkeeping elements of currency transactions, monetary instrument sales, and funds transfers.
Take a comprehensive look at the CTR and SAR forms, including filing scenarios and dynamic “should you file” discussions.
Study Customer Identification Program (CIP) requirements including the Customer Due Diligence and Beneficial Ownership requirements.
Discuss high-risk customer monitoring tactics-including an in-depth look at account ownership expectations, enhanced account review, and OFAC compliance.
Review key suspicious activity monitoring program components.
Identify techniques to improve your BSA risk assessment to address all business lines and risk exposures at various levels within your bank.