Bank Secrecy Act for Managers: 08. USA PATRIOT Act and Information Sharing Requests
6 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
A central goal of the USA PATRIOT Act is to break down the barriers that once kept agencies and financial institutions from sharing information about financial crime.
What this course covers:
- How the USA PATRIOT Act changed what banks can share
- Sharing information with law enforcement and other institutions
- The two types of information sharing under Section 314
- How to identify each type of information request by name
Ideal for banking managers responding to information sharing requests.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course explains how the USA PATRIOT Act changed what banks can share, breaking down barriers that once kept agencies and institutions from exchanging information about suspected financial crime and the people connected to it.
This module covers sharing information with law enforcement and other institutions, describing the channels created for cooperation on financial crime and how managers should expect these information requests to reach their institution day to day.
The course explains the two types of information sharing under Section 314, giving managers the specific legal categories that govern these requests and the different obligations that come with each type of sharing arrangement under federal law.
Learners are shown how to identify each type of information request by name, giving managers a practical skill for responding correctly when one arrives rather than treating every request the same way regardless of its source.
This course is ideal for banking managers responding to information sharing requests as part of their BSA compliance responsibilities, closing out the Managers series with a focus on interagency cooperation under the PATRIOT Act and Section 314.
