The Bank Secrecy Act is one of the main tools the Federal Government uses to combat financial crimes and terrorist activity. The BSS requires banks to assist in preventing crime by enacting sound policies and procedures regarding reporting, recordkeeping, and monitoring of potential criminal activity. Many of the requirements are initially detected and handled by the frontline and operations staff of the bank. It is important this staff understand what the rules are and how to handle each of the requirements under the law. This five-part course will provide frontline and operations staff with the knowledge they need to know regarding currency transaction reports, customer due diligence and beneficial ownership, customer identification requirements, OFAC, transaction recordkeeping, information sharing, and suspicious activity identification, reporting and monitoring. When the five modules are complete, there is one final exam. Rev–Jan. 2025. Course length ≈ 90 minutes.

• Currency Transaction Reports
• Customer Identification Programs
• CDD and Beneficial Ownership
• Suspicious Activity Reports
• Recordkeeping, OFAC & Information Sharing