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The Bank Secrecy Act

This module will provide you with an overview of the Bank Secrecy Act (BSA). We will discuss the history of bank secrecy regulation, compliance with the BSA Act, and elements of a BSA compliance program
SKU: P2399EN
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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.

 

This module will provide you with an overview of the Bank Secrecy Act (BSA). We will discuss the history of bank secrecy regulation, compliance with the BSA Act, and elements of a BSA compliance program

 

This course includes an examination.

 

Learning Objectives:

  • Discuss the history of regulation in the area of bank secrecy
  • Implement a BSA compliance program
  • Review bank policies and procedures to ensure all necessary elements of a BSA compliance program are in place at your bank

Course Outline:

  • Overview

o   The BSA, bank directors and senior management

o   Penalties for non-compliance

  • Creating a BSA Compliance Program

o   Compliance programs

o   Officers

o   Internal controls

o   Employee training

o   Independent testing

  • BSA Requirements

o   Customer Identification Programs (CIPs)

o   Customer due diligence

o   Suspicious Activity Reporting (SARs)

o   Currency Transaction Reporting (CTRs)

o   Information sharing

Recordkeeping

Duration:

0.83 hours

Features:

Audio, hybrid

Module(s):

4446EN

Products specifications
Course Language English
Length Range 31 - 60 Minutes
Length (Hours) 0.83
Course Features Audio
Course Features Mobile
Module Number(s) 4446EN
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