This course introduces the learner to the requirements of the Bank Secrecy Act (BSA), and provides detailed information regarding compliance with the BSA. It will familiarize the learner with the Act itself, in addition to how, when, and why to file Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).

This course also covers the characteristics indicative of an effective BSA/AML compliance program and identifies the multiple purposes they serve within financial institutions, and how to apply BSA requirements to other aspects of the institution's operations.

Importantly, this course also educates the learner about verifying customers identities, obtaining required identifying information about a customer from a third-party source when establishing a credit card account, the purpose of a Customer Identification Program (CIP), and recordkeeping procedures.

After completing this course, the learner will understand:

• How to complete and file a CTR and a SAR
  
• How to maintain an effective Customer Identification Program (CIP)
  
• How the USA PATRIOT Act affects BSA requirements

Agenda / Covered Topics

• Bank Secrecy Act
  
• BSA AML Compliance Program
  
• Currency Transaction Reports (CTRs)
  
• Filing a CTR Overview and Demo
  
• Completing a CTR Assessment
  
• Suspicious Activity Reports SARs
  
• Filing a SAR Overview and Demo
  
• Completing a SAR Assessment
  
• Monetary Instrument Purchases
  
• Funds Transfers
  
• Foreign Relations
  
• Customer Identification Program
  
• Money Services Businesses (MSBs)
  
• USA PATRIOT Act

Course Access

This course is delivered online. Upon registering, you will receive an email with access instructions from the provider. Course is available to you for one year from date of purchase. The program will take 2-3 hours to complete.