"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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Bank Secrecy Act: BSA & Compliance Officers (Individual)
Online Course
|
CPE Credits: 1.50
The Bank Secrecy Act (BSA) is one of the main tools the Federal
Government uses to combat financial crimes and terrorist activity. The
BSA requires banks to assist in preventing crime by enacting sound
policies regarding reporting, recordkeeping, and monitoring of
potentially criminal activity. The BSA requires the Board of Directors
to appoint a Bank Secrecy Officer. It is important that the Bank
Secrecy Officer be well versed in the Bank Secrecy Act in order to
implement a compliance BSA/AML program. This course will provide Bank
Secrecy Officer and other BSA/compliance personnel with the training
they need to effectively create and manage their banks program.
Learning Objectives:
Implement
an effective BSA/AML Compliance Program
Identify when you should complete a report as required by the Bank
Secrecy Act, such as Suspicious Activity Report or Currency
Transaction Report
Explain and comply with the recordkeeping requirements of the Bank
Secrecy Act
Properly follow the required procedures for gathering customer identification
Monitor a customer’s account for suspicious activity
Perform reviews on customers and transactions against various
lists provided by government agencies
Know the latest trends in the Bank Secrecy Act compliance arena
Course Outline:
BSA/AML Compliance Program (5 pillars)
Risk Assessment
Currency Transaction Reports
Monetary Instrument Recordkeeping
Funds Transfer Recordkeeping
Customer Identification Program
Customer Due Diligence
Suspicious Activity Reporting and Monitoring
OFAC & 311 Special Measures
Information Sharing (314(a) & 314(b)
Hot Topics
Rev
- Jan. 2025. Course
length ≈ 80 minutes. This
course is worth 1 CPE credit.
