Bank Secrecy Act: Senior Management and Directors

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. BSA/AML requirements grant senior management and the Board of Directors primary responsibility for ensuring that the bank has a comprehensive and effective BSA/AML compliance program and oversight framework that is reasonably designed to ensure compliance. This Bank Secrecy Act: Senior Management and Directors online training course is intended for senior management and the Board of Directors.

The Bank Secrecy Act mandates that ALL bank personnel receive annual Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) training. Regulators are continually committed to stronger and more aggressive administration of BSA/AML laws and regulations.

Course Learning Objectives

By taking this online Bank Secrecy Act: Senior Management and Directors course, the user will learn to:

• Implement a BSA/AML program at your bank based on the five pillars of a BSA/AML program
• Know the basic technical requirements of the Bank Secrecy Act
• Understand the challenges banks may face if senior management and the board are not involved in creating a successful BSA/AML program
• Keep abreast of emerging trends in the BSA/AML world

Course Outline

This online Bank Secrecy Act: Senior Management and Directors course is made up of the following sections:

1. BSA/AML Program
2. Other BSA Requirements
3. Challenges and Findings
4. Hot Topics

Course Audience

This Bank Secrecy Act: Senior Management and Directors online training course was designed for senior management and the Board of Directors.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.