BSA/AML: Complying with the BSA
Course Number: ABA
Course Code: ABA
Describes the key elements of an effective BSA policy and explains the responsibilities assigned to bankers to identify customers, monitor transactions, file reports, and retain records. Identifies the consequences for neglecting to adhere to BSA requirements, and describes what actions to take to avoid fines and penalties.
Reviewed: September 2018 (no changes necessary
What You’ll Learn
After completing this course, students will be able to:
-Describe the “five pillars” of the BSA Program?
-Explain your role in meeting the BSA requirements
-Describe the consequences banks may face for non-compliance
Audience: All bank staff.