Bank Secrecy Act Training

Included with Regulatory Basics course
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Additional languages available
Meets accessibility standards
Auto-save training, mobile-friendly
Deliver on Ethena or your LMS (SCORM)

Course Summary

This course introduces the core pillars of the Bank Secrecy Act and the role employees play in preventing money laundering. Learners will gain a clear understanding of recordkeeping and reporting requirements essential for financial compliance.

Included Modules:

Introduction to the BSA

Introduces the Bank Secrecy Act, the foundational US anti-money-laundering law that requires financial institutions to help detect and report suspicious activity.

Who needs to follow the BSA's rules?

Explains which financial institutions and businesses fall under the Bank Secrecy Act, from banks and credit unions to money services businesses and other covered entities.

When the BSA kicks in

Covers the transactions, thresholds, and customer activities that trigger Bank Secrecy Act obligations and put recordkeeping and reporting duties into motion.

BSA expectations

Outlines what the Bank Secrecy Act expects of institutions and employees, from monitoring transactions to keeping records and cooperating with FinCEN.

The five core pillars, part 1

Begins the BSA’s five pillars of an effective anti-money-laundering program, covering internal controls, a designated compliance officer, and ongoing employee training.

The five core pillars, part 2

Continues the BSA’s five pillars, covering independent program testing and customer due diligence to verify identities and understand expected account activity.

Reporting: CTRs

Explains when institutions must file Currency Transaction Reports with FinCEN for large cash transactions, and how to spot structuring meant to dodge the threshold.

Reporting: SARs

Covers when and how institutions file Suspicious Activity Reports with FinCEN, and why timely, accurate reporting is central to BSA compliance.

BSA violations

Identifies common Bank Secrecy Act violations, from failed reporting and weak controls to willful blindness, and how to recognize them before they escalate.

Penalties for violating the BSA

Details the civil and criminal penalties for Bank Secrecy Act violations, including fines and prison time for both institutions and the individuals involved.

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