Bank Secrecy Basics: What is Money Laundering?

This course, Bank Secrecy Basics: What is Money Laundering?, defines money laundering and explains the laws passed by Congress to keep “dirty money” out of the legitimate banking system. We discuss the Bank Secrecy Act (BSA) and the USA Patriot Act and how they affect your job as a bank employee. You will learn the meaning of money laundering and how future courses in the series will help you understand your obligations as a bank employee.

Part of our Bank Secrecy Basics series, this course includes a video presentation and a short quiz at the end to test your comprehension. You’ll also find a downloadable reference document covering key points in the course for future review.