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FSC - Detect and Report: Complying with Suspicious Activity Reporting - E3

Course Description

The Bank Secrecy Act, or BSA, and its related laws exist primarily to prevent money laundering and other illegal financial activity. To comply with the BSA, all money services businesses, or MSBs, financial institutions, and certain other businesses within the U.S. must be able to detect and report suspicious activity to the Financial Crimes Enforcement Network, or FinCEN. This course defines and identifies several types of suspicious activity and discusses an MSB™s responsibilities for suspicious activity reporting.
60 Minutes
Series: Nonbank Financial Services Audit
Roles: Commercial, Mortgage Professionals, Operations & IT, Retail
Course Format: E3
Package: Non-Bank Advantage, Non-Bank Complete

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