The Bank Secrecy Act (BSA) is
one of the main tools the Federal Government uses to combat financial crimes
and terrorist activity. The BSA requires banks to assist in preventing crime by
enacting sound policies regarding reporting, recordkeeping, and monitoring of
potentially criminal activity. All bank personnel are required to receive
annual BSA training. This course is intended for those bank personnel that are
not involved with daily customer activity. This may include, but not limited
to, employees in the following areas: Marketing, Human Resources, IT &
Security, and Accounting. This course would also be appropriate for those seasoned
employees who are well versed in the rules of the Bank Secrecy Act and need a
refresher. Rev–Apr. 2021. Course length ≈ 22 minutes.
Learning Objectives:
·Acknowledge the five pillars of a BSA/AML program
·Understand the basic technical requirements of the Bank Secrecy Act
Course Outline:
·BSA/AML Program Overview
·BSA Requirements Overview
o Customer Identification Program
o Customer Due Diligence & Enhanced Due Diligence
o Suspicious Activity Reports
o Currency Transaction Reporting
o Recordkeeping
o OFAC
o Information Sharing
This course is worth 0.5 CPE credit. – Course ID# P0130EN