SESSION 1: BSA Overview and Fundamentals
Monday, March 24, 2025

The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, file reports if the daily aggregate exceeds $10,000, and report suspicious activity that may signify money laundering, tax evasion, or other criminal activities.

During this webinar, we will discuss the latest trends, the different types of BSA reporting, and the background of BSA.

SESSION 2: BSA Best Audit Practices
Tuesday, March 25, 2025

Whether you work within a Compliance function or Internal Audit, BSA rules and regulations must be followed by everyone that works for financial institutions. Although financial institutions have been managing BSA operations in accordance with regulatory requirements for a while, BSA audits have become a focal point for regulators.

Regulators rely on the financial institution to provide confirmation that BSA operations are being audited properly to ensure that BSA efforts are implemented and properly managed. The Bank Secrecy Act (BSA) is a US law that fights money laundering and other financial crimes. The BSA requires businesses to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory matters. Individuals and financial institutions who fail to comply with BSA requirements may face severe penalties ranging from tens of thousands to hundreds of millions or billions of dollars. That is why conducting a proper audit becomes even more important in recent years and why we must uncover any issues before an examination occur.

This BSA audit training will explain how BSA audit best practices have evolved over time. It will cover the major components of an effective BSA program that the audit will focus on, as well as the specifics of each area as they relate to BSA audits.

SESSION 3: BSA/AML/OFAC Risk Assessments
Wednesday, March 26, 2025

In this training, gain comprehensive insights into the world of risk assessments in Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC). In today's complex financial landscape, organizations face heightened scrutiny and regulatory requirements.

This course is designed to equip professionals in the financial sector with the knowledge and skills needed to navigate the evolving landscape of compliance risk. Participants will delve into the intricacies of conducting effective risk assessments, understanding regulatory expectations, and implementing robust risk mitigation strategies.