Professional Development Online Self-Paced

The Bank Secrecy Act (BSA) and the Anti-Money Laundering Law (AML)

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The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions to assist U.S. government agencies to detect and prevent money laundering. Specifically, the Act requires financial institutions to keep records of cash purchases of negotiable instruments, to file reports of cash transactions exceeding $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. The BSA was passed by Congress in 1970 and is sometimes referred to as an"anti-money laundering" law (AML), or jointly as BSA/AML. This professional development online course will provide an overview of the requirements imposed on those persons subject to the Anti-Money Laundering Law, including information relating to currency transaction reports, suspicious activity reports, and customer identification programs.
SKU 4306US00152A00
  • 24/7 access to your course online
  • Certificate of completion

Course Preview

What You'll Learn

  • Provisions of the Bank Secrecy Act and the Anti-Money Laundering Law
  • Money laundering tactics used in the mortgage industry
  • Customer identification programs (CIPs) and suspicious activity reports (SARs)

How it Works

This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.


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