BSA for Operations


SKU: 9604 Category:


This course has been designed to add content to the annual BSA training conducted at your financial institution with Operations staff receiving the focus.

The Bank Secrecy Act impacts all areas of a financial institution. As a member of the operations team, you are not only responsible for identifying and reporting suspicious activity in ACH, debit card, and electronic banking, but are also responsible for supporting the lending, deposit, and compliance staff in researching suspicious transactions. Therefore, it’s crucial that operations staff receive tailored annual (and initial) training on BSA/AML requirements and fully understand day-to-day expectations. This course will detail the BSA/AML rule components, red flags for funds transfer and electronic transaction fraud, CIP documentation, and CDD rules, including documenting beneficial ownership, OFAC screening, CTR completion, and much more!

Course Includes:

  • Effects of Bank Secrecy Act

  • Common BSA Job Requirements for Operations Staff

  • Currency Transaction Report (CTR) Overview for Operations

  • Monetary Instruments Log

  • Detecting Suspicious Activity

  • Suspicious Activity Report (SAR)  for Operations

  • Red Flags: Structuring Transactions

  • Overview of Red Flags for Hot-Button, High-Risk Activities

  • Customer Identification and Verification

  • Beneficial Ownership Identification

  • Understanding the Nature and Purpose of the Customer Relationship

  • Ongoing Monitoring and Reporting

  • Anti-Money Laundering (AML) for Operations

  • Confidentiality

  • Legal Information Sharing

  • Articles

  • Videos

  • Case Studies / Scenarios



Code: C2235SP
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