Description: BSA/AML: Complying with the BSA describes the key elements of an effective BSA policy: Internal policies and controls, designation of a BSA officer, independent auditing and testing, and ongoing training of all bank personnel. This course explains the responsibilities assigned to bankers to identify customers, monitor transactions, file reports, and retain records. It identifies the consequences for neglecting to adhere to BSA requirements, and describes what actions to take to avoid fines and penalties. 

Audience: All bank staff.

Learning Objectives: After completing this course, students will be able to:

• Describe the “four pillars” of the BSA Program
• Explain your role in meeting the BSA requirements
• Describe the consequences banks may face for non-compliance