New BSA Officer Training

If you are a new BSA officer and looking for an online Bank Secrecy Act (BSA) video training program that covers the key areas of a BSA/AML program, you have come to the right place.

The BSA Bootcamp! is designed to be a foundational (and comprehensive!) online course on the Bank Secrecy Act and anti-money laundering (AML) rules - and is a great training course for new BSA officers.  Twice the length of a typical webinar, this Compliance Class runs around 3 ½ hours and takes a deep dive into the core elements of BSA rules that any BSA/AML professional should know and understand.  

This comprehensive program for new BSA Officers is broken up into five different parts and explains 1) where the BSA rules came from, 2) how risk management should be at the foundation of any BSA program, 3) what the 5 pillars of BSA are and how they should be implemented in a financial institution, 4) the key areas of a BSA/AML program, and concludes with 5) some practical tips for understanding and managing a BSA program.  The BSA Bootcamp! Includes both a comprehensive manual and 3 training videos. (See the full class curriculum below.)

Using layman’s terms and practical examples, this program is both comprehensive and easy to understand, and incorporates a bit of fun into the process.  Not to mention a few good money laundering and fraud case studies (stories).

While specifically designed as a foundational class for those new to the Bank Secrecy Act (BSA), this program would be beneficial for both new and seasoned BSA Officers, BSA back-ups, auditors, and anyone else with BSA responsibilities or oversight.  This program would also serve as a comprehensive “refresher” for those looking for and easy-to-access BSA/AML training.

NOTE: The BSA Bootcamp! is a comprehensive BSA/AML training course that takes around 3 1/2 hours to complete. If you are looking for a shorter, higher-level overview of BSA/AML rules for financial institutions, be sure to check out our BSA Basics class here.

Class Pricing for New BSA Officer Training

Price: $399 - (Note: This program is the length of two typical webinars, running around 3 1/2 hours in length.)

Watch this video for a quick overview of the BSA Bootcamp! training program:

Here’s What Others are Saying about this Program:

What Topics will be Covered for New BSA Officers?

The class is presented in three separate videos (around an hour each) and covers the following topics related to the Bank Secrecy Act (BSA) and anti-money laundering (AML):

Part I: Brief History & Overview of BSA (Video 1)

• CASE STUDY: Too-Close-To-Home

• BSA/AML Overview

• BSA/AML Laws & Regulations

• Role of Government Agencies in BSA

• Money Laundering & Terrorist Financing

• Penalties for Violations of BSA

• A Real Life Example (Case Study)

Part II: Understanding & Assessing Risk (Video 1)

• Overview of BSA/AML Risk Requirements

• Conducting a BSA/AML Risk Assessment

• OFAC Risk

Part III: The 5 Pillars of BSA (Video 2)

• Internal Controls

• Independent Testing

• BSA Compliance Officer

• Training

• Customer Due Diligence

  • Customer Identification Program

  • Beneficial Ownership Identification & Verification

  • Customer Due Diligence & Enhanced Due Diligence

  • Ongoing Monitoring

Part IV: Key Areas of a BSA/AML Program (Video 3)

• CASE STUDY: The Rogue Salesman

• An Overview of Currency Transaction Reporting (CTRs)

  • NOTE: This program does not include a line-by-line instruction of CTR completion.

• CTR Exemptions

• Systems to Identify & Report Suspicious Activity

• An Overview of Suspicious Activity Reporting (SARs)

  • NOTE: This program does not include a line-by-line instruction of SAR completion.

• Purchase & Sale of Monetary Instruments

• Funds Transfers Record Keeping

• Comparison with Government Lists

  • Office of Foreign Assets Control

  • Information Sharing

  • Special Measures

• Foreign Correspondent Accounts

• Private Banking Due Diligence

• Foreign Bank & Financial Accounts Reporting

• International Transportation of Currency or Monetary Instruments

Part V: Tips for BSA/AML Management (Video 3)

• 3 Tips for Managing a BSA Program

What is Included in the Compliance Class?

This Compliance Class is the length of two typical webinars and can be completed in about 3 1/2 hours. This class will provide you with everything you need to know about the foundational elements of a BSA/AML program.

The class includes the following:

• A comprehensive course manual (67 pages)

• Three “virtual classroom” instructional videos (3 1/2 hours of video instruction)

• 60-day access to the class

• Certificate of completion (1 certificate per registration available upon request)

The Virtual Classroom Approach to Training

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.

Certificate of Completion for New BSA Officers

Certificates of completion are now available upon request. One certificate is available per registration.

60-Day Access - New BSA Officer Training

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.

100% Money Back Guarantee

We believe in our training products so much that we are offering a 100% money back guarantee.  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.