Duration 42 minutes

Audience Employees

Description

Our Banking library covers topics such as Regulation E, credit unions, bank secrecy basics for frontline employees and management, loan processing, PATRIOT Act, robbery training, check fraud, the Right to Financial Privacy Act, Foreign Corrupt Services Act, and much more.

What you'll learn

When to file and how to file Currency Transaction Report or CTR

Good customer service

Defining "suspicious activity" and how to report

System Requirements

• Windows 7 and newer
• Mac OS 10 and newer
Supported Browsers:
The current and previous major releases of the following browsers
• Safari v11 and higher
• Firefox v65 or higher
• Chrome v70 and higher
• Microsoft Edge v42 and higher
• Internet Explorer v11 and higher (Windows only- may exhibit visual differences from other
browsers)
Computer Speed and Processor:
• Use a computer 5 years old or newer when possible.
• 1GBofRAM
• 2GHz processor

Languages

English

Skills you'll gain

banking Bank section two bank secrecy frontline employees Employees section two bank secrecy for frontline employees HSI-ej4

Details to know

Certificate

Bookmark

Bank Secrecy Act for Frontline Employees

Bank Secrecy Act for Frontline Employees: 01. What Are Currency Transaction Reports?

The best way to combat money laundering is to prevent dirty money from entering into the financial system. The currency transaction report, or CTR, was designed to help financial institutions keep that from happening. In this course, we'll discuss all the basics of CTRs: how they work, when to use them, where they go, and the information you're required to keep.

Bank Secrecy Act for Frontline Employees: 02. Filing Currency Transaction Reports

Now that we know how currency transaction reports (CTRs) work and the requirements for filing them, we're going to teach you how to file them. This process will vary depending on where you work, so check with your financial institution on their specific requirements. In this course, we'll go over collecting verification information and where to properly record it. We'll discuss the four sections of the CTR and how to complete them. We'll also talk about what to do when customers are inconvenienced or frustrated by the CTR filing requirements.

Bank Secrecy Act for Frontline Employees: 03. Suspicious Activity Reports

At the most basic level, regulatory compliance is all about risk management. In this course, we'll discuss one important way to manage risks when it comes to money laundering: the suspicious activity report, or SAR. These are documents that financial institutions must file with the Financial Crimes Enforcement Network, or FinCEN. We'll talk about what circumstances require these documents, go over who can file them, and list what information should be included. We'll also cover the confidentiality requirements of suspicious activity reports, what happens if you're wrong in filing a SAR, and some other general rules of filing these reports.

Bank Secrecy Act for Frontline Employees: 04. Customer Information Programs

As part of the USA PATRIOT Act, financial institutions are required to have customer identification programs, or CIPs. This helps prove customer identities, which is a key part in fighting money laundering schemes. In this course, we'll talk about what this means to you as a bank employee. We'll discuss the important distinction between customers and consumers, as they relate to BSA/AML. We'll go over who this rule applies to and the specific information you're required to collect to verify identification. We'll also look at specific recordkeeping rules for CIPs.

Bank Secrecy Act for Frontline Employees: 05. Office of Foreign Assets Control

The Office of Foreign Assets Control, or OFAC, is a division of the Treasury Department. Their role is to administer and enforce economic sanctions programs against countries or groups of individuals such as terrorists and traffickers. When economic sanctions are initiated, OFAC is responsible for ensuring that no one conducts business with that entity and that sanction guidelines are followed. In this program, we'll go over how these sanctions work, review screening against the Specially Designated Nationals List, or SDN, and cover what to do if someone who's flagged tries to bank with you.

Bank Secrecy Act for Frontline Employees: 06. Review of Money Laundering Activities

You should already be familiar with BSA/AML regulations and some of the red flags for money laundering. So in this course, we're going to dive a bit deeper, while doing a review of those red flags. We'll go over various ways that wire transfers are used to launder money, and we'll also discuss unusual activities to stay aware of. However, it's important to note that none of the activities we're discussing in the course are illegal on their own. Successful money laundering is a layered, complex process, almost never involving a single transaction.

What SAR? I Don't Know Anything About an SAR. In an effort to get a "big picture" view of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance, keep in mind that your responsibility is to observe, report, and identify your customers. As with any kind of regulatory compliance, there will be some specific rules that you'll need to keep in mind as you do your job. But if you keep these three things in mind, you'll be fine. In this course, we'll discuss the specifics of filing a Suspicious Activity Report (SAR).

Bank Secrecy Act for Frontline Employees

Price per license

$20.00

No. of licenses

Total

$20.00

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Bank Secrecy Act for Frontline Employees

Overview

Included Modules

About Author

Description

What you'll learn

System Requirements

Languages

Skills you'll gain

Details to know

Bank Secrecy Act for Frontline Employees

HSI - Health & Safety Institute

Courses Handpicked for you

Bank Secrecy Act for Frontline Employees

Overview

Included Modules

About Author

Description

What you'll learn

System Requirements

Languages

Skills you'll gain

Details to know

Bank Secrecy Act for Frontline Employees

HSI - Health & Safety Institute

Courses Handpicked for you

Bank Secrecy Act for Frontline Employees: 02. Filing Currency Transaction Reports

Bank Secrecy Act for Frontline Employees: 01. What Are Currency Transaction Reports?

Bank Secrecy Act for Frontline Employees: 03. Suspicious Activity Reports

Bank Secrecy Act for Frontline Employees: 04. Customer Information Programs

Bank Secrecy Act for Frontline Employees: 05. Office of Foreign Assets Control

Bank Secrecy Act for Managers: 08. USA PATRIOT Act and Information Sharing Requests