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Bank Secrecy Act Basics - 04. Requirements and Purpose of the Bank Secrecy Act

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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.

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The Employee Training & Development library group is designed to build confident, capable, and engaged employees at every level of your organization. From leadership and communication to customer service, time management, and professional growth, these courses empower your workforce with the skills needed to perform better, collaborate more effectively, and advance their careers. Delivered in an engaging, easy-to-assign format, this library helps organizations strengthen culture, improve productivity, and invest in long-term employee success—all from a single, flexible training solution.

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