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BANK SECRECY ACT
Self-paced online course: ABA eLearning
Price: $95 members; $130 non-members ENROLL NOW
Course Description: Bank Secrecy Act describes reporting responsibilities
that are part of the Act—including identifying transactions that require
completion of a Currency Transaction Report (CTR) and a Suspicious Activity
Report (SAR). This course describes the stages of money laundering and the
minimum requirements of the Customer Identification Program (CIP). The
course also provides guidelines for answering basic customer questions
related to BSA procedures. REVISED: 2009
Audience: All bank employees who need an understanding of
core Bank Secrecy Act requirements.
Learning Objectives: After completing this course, students will
be able to:
·
Recognize
the historical milestones that contributed to the expansion of the BSA
·
Describe the
impact of financial crime and key compliance program elements banks must implement
to combat financial crime.
·
Identify the
minimum required elements of a Customer Identification Program (CIP)
·
Identify the
most common record keeping requirements under the BSA
·
Identify circumstances
when Currency Transaction Reports (CTRs) should
be filed
·
Describe the
scope of activities appropriate for Suspicious Activity Report (SAR) filing
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: 0.0; ICB: 1.5 CBT, CCSR, CPB, CCTS,
CFSSP, CLBB, CSOP, CTFA
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