Bank Secrecy Act (BSA)
Length: 4 hours
ABA Member price: $105
Course Description
Participants in this workshop will be given information required to identify and accurately report transactions described in the Bank Secrecy Act. Attention will be given to defining what is and is not considered a reportable transaction. Participants will be involved in practice exercises to help clarify reportable transactions.
Audience
Any employee working in a financial institution and/or a money service business
Learning Objectives
After completing this course, students will be able to:
Explain how history created the need and defined the purpose of BSA
Describe the BSA currency transaction reporting requirements and exemptions
Provide information required in the reporting process
Identify transactions that require suspicious activity reporting
Support record-keeping requirements to insure compliance with BSA
Explain how the Bank Secrecy Act impacts their job responsibilities