Bank Secrecy Act (BSA) for Private Bankers
Bank Secrecy Act for Private Bankers course provides important content relating to BSA/AML issues and awareness of governances that monitor transactions that could be tied to illegal activity. In Bank Secrecy Act for Private Bankers students will learn the definition of money laundering. They will learn how to discuss USA PATRIOT Act requirements for identifying clients and BSA rules for cash transactions. Participants will also learn the penalties for noncompliance and how OFAC's Specially Designated National and Blocked Person list is utilized.
| Price | $75 Nonmembers / $55 Members |
| Course Credits | AIB: 0 ; ICB: 0 |
| Prerequisites | None |
| Required Software | None |
| Optional Software | Adobe Acrobat Reader and RealPlayer |
Audience
Bank Secrecy Act for Private Bankers targets a senior level audience with responsibilities that include working with foreign clients and large transactions.
Learning Objectives
After completing this course, students will be able to:
- Define money laundering
- Discuss USA PATRIOT Act requirements for identifying clients
- Discuss BSA rules for cash transactions
- Discuss penalties for noncompliance
- Discuss OFAC's Specially Designated Nationals (SDN) and Blocked Persons list Course Credits
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.