Loading...

FSC - BSA Awareness and Protection

Course Description

The Bank Secrecy Act (BSA) just may be the most familiar and most talked-about law related to banking as well as money services businesses. Don't be the one left in the dark. Whether you are a front-line employee, business owner, or a large corporation - BSA is VIP. In 60 minutes, you will learn the purpose of the law, necessary definitions, the federal enforcement agencies, and be introduced to the importance of a Customer Identification Program, the requirements of a BSA/AML compliance program and much more. Upon completion of this course, students will be able to define money laundering and terrorist financing, describe the Bank Secrecy Act and how it helps fight money laundering and other financial crimes, understand who the Financial Crimes Enforcement Network (FinCEN) is and its role in enforcing the BSA, define the BSA requirements for MSBs, recall the four pillars of a BSA/AML compliance program, recognize the importance of the Customer Identification Program (CIP) and when it is required for MSBs who are also Providers of Prepaid Access, explain the reporting and recordkeeping regulations for MSBs under the BSA, and list exemptions to the BSA record-keeping regulations.
60 Minutes
Series: Nonbank Financial Services Audit
Course Format: Online Self-Paced
Package: Non-Bank Advantage, Non-Bank Complete

Schedule a demo

An investment in your employees is an investment in the health of your financial institution.

Let us create a unique online training program for you. Fill out the form to be contacted by a Sales Representative.

How can we reach you?

View Related Series

Nonbank Financial Services Audit

Our Nonbank Financial Services Audit series ensures your institution has the basics of risk assessments. This series gives you the essentials of an effective BSA/AML compliance program, from BSA and AML awareness and protection, proper reporting and recordkeeping techniques and more.

View Series

Rockstar Recruiting

Hiring the right talent is a very difficult task that has a huge impact on how your business runs now and for the future. Making the wrong choice could sink your company. Making the right choice could elevate it to new heights. The Rockstar Recruiting series will help nail the planning process so you have the right timeline and the time to execute the plan to ensure you are bringing in top talent to your organization.

View Series

GDPR

These courses provide a comprehensive overview of the scope of requirements. Combine this series with Security Awareness training to teach employees the critical competencies to ensure compliance.

View Series