Description
25min | Credit: 0.50 CCTS, CAFP, CRCM, CSOP, CTFA
Review select recordkeeping and retention obligations under the BSA that support criminal and regulatory investigations and proceedings. This course covers record retention requirements for certain monetary instruments, funds transfers, foreign accounts, and cross-border transactions. Learn how to maintain proper records and ensure accessibility for audits and examinations.
Audience: Bank employees responsible for originating or disbursing wire transfers, selling negotiable instruments, or BSA recordkeeping or retention.
Learning Objectives
After completing this course, students will be able to:
- Recognize bank recordkeeping requirements for the purchase and sale of certain monetary instruments
- Understand the Recordkeeping Rule and Travel Rule requirements for funds transfers
- Describe the FBAR and CMIR recordkeeping requirements
This course is part of the ABA Frontline Compliance program.