BANK SECRECY ACT FOR TELLERS Self-paced online course - ABA eLearning   Price:  $55 members; $75 non-members   Print Registration Form     Enroll Online This course is available to ABA Member banks at no cost under a license agreement. Course Description:  This course was previously updated to create awareness of some of the areas of concern addressed in the new 2010 version of the FFIEC BSA Examination Manual, such as bulk cash smuggling, third-party payment processors, private banking, beneficial ownership, Politically Exposed Persons (PEPs), prepaid cards and ACH transactions. In Bank Secrecy Act for Tellers, students will learn about the Bank Secrecy Act (BSA) and the reporting responsibilities that are commonly a part of the teller position responsibilities. Students will learn the primary components of identifying transactions that require completion of a Currency Transactions Report (CTR) and a Suspicious Activity Report (SAR). Students will become familiar with the stages of money laundering and will be given guidelines for answering basic customer questions relating to BSA procedures.  Reviewed:  December 2011 Audience:  All bank employees who have cash handling responsibilities commonly associated with the teller position. Learning Objectives:  After completing this course, students will be able to: Share an overview of the purpose of the BSA Describe the impact financial crime has on the banking industry and society Explain the three stages of money laundering Discuss the fundamental components of the bank's BSA responsibilities Identify circumstances when Currency Transaction Reports (CTR) should be filed Describe general qualifications for Designation of Exempt Person status Identify the record keeping requirements under the BSA for monetary instruments sold by your bank Answer some basic customer questions about the procedures related to the BSA Prerequisites:  To get the most out of this course, students should be familiar with general banking practices, either in deposit/operations or lending functions. Course Credits:  AIB: 0; ICB: .75 CBT Questions:  Call NYBA Professional Development at 212-297-1679 or email elegg@nyba.com. The New York Bankers Association is a Local ABA Training Provider.