Bank Secrecy Act for Managers: 02. BSA Compliance Program Requirements
3 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
Every financial institution must build and maintain a Bank Secrecy Act compliance program, and its leaders need to understand how the program works and their role in it.
What this course covers:
- The core requirements of a BSA compliance program
- Required procedures and practices
- The customer identification program
- Conducting customer due diligence (CDD)
Ideal for banking managers and leaders who support and oversee BSA compliance.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course covers the core requirements of a BSA compliance program, giving managers the foundational structure their institution must maintain and building on the general purpose and requirements introduced earlier in the Basics course series.
This module explains required procedures and practices, translating the core requirements into the operational steps a compliance program must include so managers can check their institution's program against a concrete, practical standard before an examination.
Yes, the customer identification program is revisited here, positioning it within the larger set of obligations managers are responsible for overseeing rather than treating it as an isolated frontline task handled only at account opening.
Learners are introduced to conducting customer due diligence, or CDD, as one of the specific practices supporting the overall BSA compliance program, giving managers a working definition before later courses in the series build on it further.
This course is ideal for banking managers and leaders who support and oversee BSA compliance and need to understand the program's full requirements, from required procedures through customer identification and due diligence practices in place.
