Course Demos     Log Into ABA eLearning     AIB Overview     AIB Online Courses     AIB Textbooks BANK SECRECY ACT FOR LENDERS ABA eLearning Self-paced online course (length: 2 hours) Price: $95 members; $130 non-members  Print Registration Form     Enroll Online This course is also available at discounted prices under an annual license.  Call or email for details. This course is available to ABA Member banks at no cost under a license agreement REVISED:  October 2010 This course was 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. Course Description:  Bank Secrecy Act (BSA) for Lenders provides information on the BSA efforts to guard against illegal financial activity as it relates to lending positions.  This course describes what is needed to implement an effective compliance program.  The course focuses on what is required as part of Suspicious Activity Reporting and the Customer Identification Program (CIP).  The course also explains what the BSA requires in preparing bank employees to know their customers, be familiar with their banking habits, and recognize when they are deviating from their normal routines.  It describes the higher-risk money laundering schemes to be aware of.  Audience:  All bank employees who have lending responsibilities. Learning Objectives:  After completing this course, students will be able to: Discuss the fundamental components of the bank's BSA responsibilities Explain why terrorism financing is often difficult to detect Describe four elements banks are required to implement as part of a compliance program Identify the minimum required elements of a Customer Identification Program (CIP) Describe the scope of activities appropriate for SAR filing Answer some basic customer questions about the procedures related to the BSA Describe some of the newer higher-risk money laundering schemes For further information, please call NYBA Professional Development at 212-297-1679 or elegg@nyba.com. The New York Bankers Association is a Local ABA Training Provider.