Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) rules present one of the higher risk areas for any financial institution. Reviewed in each Safety and Soundness exam by your primary regulator, BSA/AML programs are no problem - until they aren’t. The reality is that BSA/AML program requirements are very complicated and are something that examiners review closely during each examination. Therefore, it is important that financial institutions have a strong understanding of what is required of them.
BSA Basics is a program designed as a higher-level overview of the requirements of a BSA/AML program for banks and credit unions. Taking just over an hour to complete, BSA Basics is a quick and efficient way to get general BSA/AML training - without even leaving your office. As you are most likely well aware of, examiners often want to see that both BSA officers and applicable staff/management receive appropriate “outside” BSA/AML training - and BSA Basics is an easy and affordable way to do just that.
In this program, we discuss:
What is BSA?
What is Money Laundering?
A simple example of how money laundering can work.
The five pillars of BSA (with a good look at the newest pillar, CDD)
A general overview of many key BSA requirements including SARs, CTRs, CIP, 314(a), OFAC, record keeping requirements, and others.
Additional resources for learning more about BSA/AML rules.
This program would be beneficial for new BSA Officers and staff, compliance officers, senior management looking for quick executive summary-type BSA training, auditors, branch managers, department managers, and anyone looking for an overview of the BSA/AML requirements for financial institutions.
NOTE: If you are looking for a more thorough and comprehensive course on BSA/AML rules, be sure to check out our BSA Bootcamp in our store here.
Regular: $299
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.
The class is presented in a single video and provides an overview of the BSA/AML requirements for financial institutions:
History & Overview of BSA
The 5 Pillars of BSA
Internal Controls
Including key elements of BSA
Compliance Officer
Independent Testing
Training
CDD
CIP
CDD
Beneficial Ownership
Ongoing Monitoring
Additional Resources
This Compliance Class provides you with a general overview of BSA/AML requirements for financial institutions.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
Certificate of completion (1 per registration - available upon request)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Certificates of completion are now available upon request. One certificate is available per registration.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
