BSA Requirements for Board of Directors and Senior Management
course

BSA Requirements for Board of Directors and Senior Management

Understand the recent progress of money laundering detection and prevention within the Bank Secrecy Act.

Bankers Academy
Updated May 29, 2024

What you'll learn

  • The recent progress of money laundering detection and prevention, the purpose of the Bank Secrecy Act
  • Characteristics indicative of an effective BSA/AML compliance program and identify multiple purposes they serve within financial institutions
  • About identifying customers, the purpose of a Customer Identification Program (CIP)
Course Description

This course will introduce the learner to the role of the Board of Directors and Senior Management in ensuring that the institution remains compliant with all aspects of the Bank Secrecy Act. The course will familiarize the learner with the Act itself, in addition to how, when, and why to file CTRs and SARs.