Bank Secrecy Act Basics
Last Updated 07/2026
English
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36 min! Run Time
36 min! Run Time
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Employees
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Employees
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Certificate
of Completion
of Completion
What you'll learn
Obligations as a bank employee
Money Laundering
Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulations
more
Skills covered in this course
Description
A plain-language grounding in the Bank Secrecy Act (BSA) and what it means for your day-to-day work as a bank employee.
What this course covers:
- The critical BSA information every bank employee should know
- Your core obligations under the Act
- How non-compliance leads to penalties
- Steps to stay on the right side of BSA rules
A concise starting point for bank staff who need the essentials of the Bank Secrecy Act.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Making the Workplace Safer and Smarter
HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.
HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.
Bank Secrecy Act Basics
Bank Secrecy Act Basics: 01. Overview of the Bank Secrecy Act
Congress passed the Bank Secrecy Act in 1970 with the intent to combat money laundering in the U.S. Throughout the years, several additional regulations have passed to continue this mission. This collective group of laws that outline the bank's obligations to prevent money laundering are commonly known as BSA/AML, which refers to Bank Secrecy Act and Anti-Money Laundering. In this course, we'll talk about how the history of the Bank Secrecy Act and how it has evolved. We'll discuss who the BSA/AML regulations apply to and who is in charge of enforcing these laws.
Bank Secrecy Act Basics: 02. Money Laundering 101
When the U.S. government started to track large cash transactions, criminals responded by developing ways to hide the true source of their money flow, also known as money laundering. Money laundering is the process of making illegally gained funds appear to be legal. Illegally gained funds are often referred to as "dirty money." That's where the term "laundering" comes from; turning dirty money into clean money. In this program, we'll talk about the basics of money laundering. Then, we'll go over how it works, how it impacts the economy, and what the U.S. is doing to put a stop to it.
Bank Secrecy Act Basics: 03. Components of a Money Laundering Operation
Money laundering can be a very shady and hard-to-identify criminal scheme. It's important to understand the basic structure of a money laundering operation, so you can recognize when it's happening. All money laundering schemes have three elements: placement, layering, and integration. In this program, we'll talk through these three stages so that you're able to identify criminal activity when it occurs. We'll also discuss what to do if you suspect that money laundering is taking place in your financial institution.
Bank Secrecy Act Basics: 04. Requirements and Purpose of the Bank Secrecy Act
The Bank Secrecy Act established a robust set of regulations for banking institutions, including the requirement that every financial institution establish a BSA compliance program to deter illegal money laundering activity. The act also created a pathway through which law enforcement can investigate these types of crimes. In this course, we'll explore the five main components of the BSA/AML program requirements and go over who is responsible for leading the effort.
Frequently Asked Questions
It's a plain-language grounding in the Bank Secrecy Act, covering the critical BSA information every bank employee should know without heavy legal jargon.
It covers your core obligations under the Act, giving bank staff a clear sense of what BSA compliance requires of them day to day.
Yes, it explains how non-compliance leads to penalties, connecting the core obligations it teaches to the real cost of ignoring them.
It's a concise starting point for bank staff who need the essentials of the Bank Secrecy Act rather than a role-specific deep dive.
It lays out steps to stay on the right side of BSA rules, giving employees concrete actions rather than just background theory.
This course is designed for employees who need to complete Bank Secrecy Act Basics training
Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.
The course takes approximately 36 minutes to complete and can be paused and resumed at any time.
Yes. Learners receive a downloadable certificate upon successful completion, which can be used for compliance records and audits.
Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.
Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).
Yes. The course is fully self-paced and available 24/7.
Yes. This course includes a knowledge check to reinforce learning and verify completion.
Learners have lifetime access from the date of purchase.
Yes. A preview is available so you can review the course format and content before purchasing.
Yes. Content is reviewed and updated as regulations and best practices change.
Yes. This course is available for free with an active Prime Subscription.
Yes. Refund requests can be submitted within 30 days of purchase.
