Bank Secrecy Act for Managers: 02. BSA Compliance Program Requirements

In the BSA Compliance Program Requirements course, we discuss the Bank Secrecy Act (BSA) Compliance Program. The BSA Compliance Program is a vital course designed to empower managers with the knowledge and skills necessary to support and navigate the intricacies of BSA compliance. In today’s complex financial landscape, ensuring compliance with the BSA is paramount for financial institutions. Financial institutions are mandated to establish and maintain a BSA compliance program, making it crucial for leaders within your organization to grasp the requirements.

Use this multi-part course as your guide to comprehending the fundamentals of the BSA’s compliance program. We will dive into essential topics such as procedural best practices, the Customer Identification Program (CIP), and the critical aspect of conducting Customer Due Diligence (CDD). Equip yourself with the insights and tools needed to safeguard your institution against financial crimes and regulatory breaches.