This Bank Secrecy Act (BSA) program training will guide attendees through the methods to train each segment of the bank's or credit union's employees annually on Bank Secrecy Act. It can be used as a "Train the Trainer" course or as annual training for all employees.
Two of the greatest fears known to man: the fear of dying and public speaking. Jerry Seinfeld said that most people would rather be in the coffin than giving the eulogy. However, a sound BSA program requires annual updates: board appointed BSA officer, a BSA policy, face to face training, and a system of internal controls (checklists) to monitor for suspicious activity.
A BSA officer is responsible for designing, developing and implementing all aspects of an effective BSA compliance program and has to ensure Bank's compliance programs are up to date.
Most BSA (Bank Secrecy Act) officers don't have the resources to create their own program. Attending this course will give them the tools and tips to present the material and to become the subject matter expert in their financial institution. Presenting BSA for the new employees, front line staff, lending department and board of directors will assist you in becoming the "go to person" for BSA.
Knowing the "Why" of their motivation helps bank and credit union personnel understand and remember the "how" in their methods.
This course was developed from conversations with FBI, Department of Homeland Security, Banking Regulators and the Financial Task Force of the DEA.
This training on BSA Compliance Program will cover the following topics: