UPDATED Financial Industry Essentials Module 7: Intro to BSA: Laying the Foundation

IT & Cybersecurity Auditing & Accounting Collections Compliance Frontline & New Accounts Human Resources Lending Marketing Operations Deposit Account Compliance Managers & Supervisors

The Bank Secrecy Act (BSA) was passed to assist US law enforcement in fighting money laundering.

It requires financial institutions to maintain records and file reports regarding currency transactions, funds transfers, and monetary instruments. BSA impacts all areas of your institution from the frontline to operations to the loan department and even the board. Discover the BSA basics, including an overview of the five BSA pillars, the three steps of money laundering, and best practices for identifying and reporting potential suspicious activity to your BSA officer.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.