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Banking & Finance 30m

Bank Secrecy Act (BSA) and AML Fundamentals

This course provides banking, insurance, and financial services employees with foundational awareness of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements, focusing on practical responsibilities in day-to-day work.

Bank Secrecy Act (BSA) and AML Fundamentals

What this course covers

  • The purpose of BSA and AML regulations and their role in the financial system.
  • Key concepts such as customer due diligence, suspicious activity monitoring, and reporting.
  • Common red flags and typologies of potential money laundering and related financial crimes.
  • Staff responsibilities for identification, escalation, and cooperation with compliance functions.
  • Scenario-based examples emphasizing “risk-based” thinking and real-world application.

Modules

Module 1: BSA/AML Overview – Why It Matters

Introduces the Bank Secrecy Act and AML concepts, explaining their purpose and why they matter for financial institutions and customers.

Module 2: Core Elements of an AML Program

Provides an overview of core AML program components, at an awareness level.

Module 3: Customer Identification and Due Diligence (Awareness-Level)

Focuses on customer identification and due diligence (CIP, CDD) concepts, at a non-legal, awareness level.

Module 4: Recognizing Red Flags and Suspicious Activity

Introduces common red flags and typologies of potentially suspicious activity relevant to front-line staff.

Module 5: Suspicious Activity Reporting – Your Role (Awareness-Level)

Explains, at an awareness level, how suspicious activity reporting works and what front-line staff are expected to do.

Module 6: Everyday Responsibilities – Documentation, Accuracy, and Escalation

Highlights practical, day-to-day behaviors that support BSA/AML compliance.

Module 7: Scenario-Based Practice – Applying BSA/AML Concepts

Uses short scenarios to apply BSA/AML awareness concepts in realistic situations.

Module 8: Building a Culture of Compliance and Continuous Learning

Emphasizes that BSA/AML is part of a broader culture of compliance and requires ongoing learning.

Course features

SCORM 1.2 or 2004 Audio Narration Captions Transcript Knowledge Checks Locked Navigation Post-Assessment Certificate
Frequently asked questions

Who should take Bank Secrecy Act (BSA) and AML Fundamentals?

This course provides banking, insurance, and financial services employees with foundational awareness of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements, focusing on practical responsibilities in day-to-day work.

How long does the course take?

About 30 minutes, delivered across 8 modules with knowledge checks.

What does the course cover?

The purpose of BSA and AML regulations and their role in the financial system; Key concepts such as customer due diligence, suspicious activity monitoring, and reporting; Common red flags and typologies of potential money laundering and related financial crimes; Staff responsibilities for identification, escalation, and cooperation with compliance functions; Scenario-based examples emphasizing “risk-based” thinking and real-world application.

Do learners receive a certificate?

Yes. The course issues a certificate on completion. It ships SCORM 1.2 or 2004 with audio narration, captions, transcript, and runs on the Provisant learning platform.

How much does it cost?

$5 per user per course per year. Annual billing saves 20%. Any course in the catalog can be added to a plan.