Basic BSA (AML/CFT)

Basic BSA (AML/CFT)

As the role of the Bank Secrecy Act (now AML/CFT) continues to expand, it impacts almost every aspect of banking. Although the current administration is changing the enforcement of other portions of compliance regulations, it does not appear that this will occur regarding AML/CFT.

It is difficult to find a bank employee who does not have some responsibility for this regulation. The Basic Bank Secrecy Act Training is a one-and-a-half-day program designed to thoroughly cover the basics of AML/CFT. The course is designed for attendees who have limited knowledge of the requirements or those needing a review of BSA fundamentals.

Although the Board of Directors is ultimately responsible, each bank must have a trained AML/CFT officer to oversee the day-to-day program. And according to the proposed rule, the days of placing an untrained “newbie” in that role is not going to be permitted. So sending someone who is “secondary” or “backup” to the AML/CFT officer should be considered.

Bank staff need to be able to support the program effectively. Attendees will leave the program with a basic understanding of the five key elements (pillars) of an effective compliance program and an understanding of all appropriate reporting standards required by the Act.

The presentation will include a discussion of the AML/CFT risk assessment and related topics. The primary focus of the institute is to ensure that all attendees understand the basic requirements for a sound compliance program, based on the regulation and core examination procedures.

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July 14 - Day 1: Registration begins at 8:30 a.m. The seminar will run from 9:00 a.m. - 4:00 p.m.
July 15 - Day 2: The seminar will run from 9:00 a.m. - 12:00 p.m.

Once online registration closes, please call CBAI at 800/736-2224 to register for this event.

 
When
7/14/2026 - 7/15/2026
Where
Shazam Education Center: CBAI 901 Community Drive Springfield 62703

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