Bank Secrecy Act (BSA) for Managers
The Bank Secrecy Act is designed to deter crime through its record keeping and reporting requirements. These reporting requirements provide the government with a paper trail by which law enforcement agencies can track suspicious financial transactions.
| Price |
$75 Nonmembers / $55 Members |
| Course Credits |
AIB: 0 ; ICB: 0 |
| Prerequisites |
None |
| Required Software |
None |
| Optional Software |
Adobe Acrobat Reader and RealPlayer |
Audience
Any bank manager or senior level employee who wants to get an overview of how BSA fits into deposit operations or lending functions of a banking office or department.
Learning Objectives
After completing this course, students will be able to:
- Explain employee responsibilities in complying with the Bank Secrecy Act
- Determine how employees complete and file a Currency Transaction Report and a Suspicious Activity Report
- Describe qualifications for Designation of Exempt Person status
- Identify guidelines to answer client questions
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