Course Demos     Log Into ABA eLearning     AIB Overview     AIB Online Courses     AIB Textbooks BANK SECRECY ACT ABA eLearning Self-paced online course (length: 1 hour) 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.   NEXT REVIEW:  As warranted by change in regulation Course Description:  Bank Secrecy Act provides a description of the impact of financial crime.  The course stresses how important it is to implement key compliance program elements and Customer Identification Program (CIP) elements.   The course describes the 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).  The course provides guidelines for answering basic customer questions related to BSA procedures, and provides an opportunity to practice with real-life customer situations.  It also describes the higher-risk money laundering schemes to be aware of. 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 Course Credits:  ICB: 1.5 CBT, CCSR, CPB, CCTS, CFSSP, CLBB, CSOP, CTFA Questions:  Please call 212-297-1679 or email elegg@nyba.com. The New York Bankers Association is a Local ABA Training Provider.