Anti-Money Laundering - Introduction to Bank Secrecy Act

In this one day course, participants will learn the legislative history of the Bank Secrecy Act, the evolving regulatory requirements, the roles and responsibilities of key staff, the obligations of the Board and senior management and the consequences of non-compliance.

30-Jul-2010 -- 30-Jul-2010New YorkUSD$1575
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Sharon Farrell; ] Fri Level: Basic

26-Oct-2010 -- 26-Oct-2010New YorkUSD$1181
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Sharon Farrell; ] Tue Level: Basic

CPE CREDITS
7.0
All bank employees especially those whose role includes the reviewing of transactions and interface with customers.
No advance preparation required.
Students will be able to:
  • Articulate the basic tenants and history of the BSA
  • Know the import of 09/11 on the regulations
  • Understand the language of BSA
  • Identify the institutions and employees roles
  • Understand the consequences of non-compliance
None.
"The numerous aspects covered were a strength of the course."
Legislative History
  • 1970 - The BSA is passed
  • 1986 - Money Laundering Control Act
  • 1996 - Suspicious Activity Reports
  • 09/11 - The Patriot Act

The Current Environment

  • High Intensity Financial Crimes Area (HIFCA)
  • Multi agency task force
  • SAR Review and feedback to industry
  • Case Support to law enforcement
  • Best practices
  • Alert meetings

An Adequate BSA Program

  • The Pillars
  • Reporting
  • Sustainability
  • Risk based

Clients who register for this course will receive a complimentary 3 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process and are limited to one per client. For questions about your subscription, call 800-628-8088 or email uscirculation@ft.com. U.S. enrollees only. (All non-U.S. enrollees will receive a subscription to FT.com only.)

Lunch included for all students taking day classes.