In this Back to Basics installment, we'll cover the requirements imposed upon your financial institution by the Currency and Foreign Transactions Reporting Act of 1970, also known as the Bank Secrecy Act.
The Bank Secrecy Act requires financial institutions to assist U.S. government agencies in the detection and prevention of money laundering and in preventing the financing of terrorist activities. Specifically, the Act requires financial institutions to keep records of cash purchases of negotiable instruments, file reports of cash transactions exceeding a certain threshold and report suspicious activity that might signify money laundering, tax evasion or other criminal activity.
The "Back to Basics: The Bank Secrecy Act" has been approved for 1 CAMS credit. Credits are redeemable for Live attendance only. Users must connect to the streaming individually and enter their name and email for reporting purposes. Accreditation is valid for one year from the date of the event. To receive a certificate, email Streaming@OnCourseLearning.com.
Who should attend
Tellers, new accounts representatives, deposit operations personnel as well as managers, compliance professionals and auditors would all benefit from participating in this webinar.
Back to Basics: The Bank Secrecy Act has been approved for 1 CAMS credits. Credits are redeemable for Live attendance only. Credit is for Live attendance only. Accreditation is valid for one year from the date of the event. For questions on certificates, please email firstname.lastname@example.org.