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BSA Training & BSA Compliance Requirements

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Bank Secrecy Act (BSA) Training Courses

Get training to meet your Bank Secrecy Act (BSA) training requirements!

Banks are required to have processes that determine which transactions are potentially suspicious and implement strong BSA compliance program that uses comprehensive Customer Due Diligence (CDD) policies, procedures, and processes for all customers, particularly those that present a higher risk for money laundering and terrorist financing.

What Is the Bank Secrecy Act?

Enacted in 1970, the Bank Secrecy Act (BSA), sometimes referred to as the Currency and Foreign Transactions Reporting Act or the anti-money laundering law (AML), is a U.S. law intended to curtail incidents of money laundering. Specifically, the BSA requires U.S. banks and financial institutions to aid government entities in identifying and stopping actions that could indicate the presence of money laundering within their organizations.

To ensure BSA compliance, all financial institutions must submit or keep on file a variety of documents such as currency transaction reports (CTRs), suspicious activity reports (SARs) and Foreign Bank Account Reports (FBARs). These reports pertain to the types of transactions that are most likely to indicate money laundering activities. The penalties for failing to file the reports or comply with other Bank Secrecy Act requirements range from significant fines to imprisonment.

BSA AML Regulatory Compliance: What Are The Basic BSA Compliance Requirements, And What Are The Components Of A BSA AML Compliance Program?

BSA - or Bank Secrecy Act - is run by the Office of the Comptroller of the Currency, and was established to help ensure that banks have the necessary controls in place to deter and detect money laundering, terrorist financing, criminal acts, and the misuse of our nation's financial institutions.

Essentially, the Bank Secrecy Act (BSA) establishes program, recordkeeping, and reporting requirements for national banks, federal savings associations, federal branches, and agencies of foreign banks.

Under the Bank Secrecy Act (BSA) and related anti-money laundering laws, banks must:
  • Establish effective BSA compliance programs
  • Establish effective customer due diligence systems and monitoring programs
  • Screen against Office of Foreign Assets Control (OFAC) and other government lists
  • Establish an effective suspicious activity monitoring and reporting process (SARs)
  • Develop risk-based anti-money laundering (SAR) programs
  • Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion)
  • File reports of cash transactions exceeding $10,000 (daily aggregate amount)
  • Keep records of cash purchases of negotiable instruments
You can find further requirements for Anti_Money Laundering (AML) at

What Does A BSA Compliance Officer Do? What Are The Duites Of A BSA Officer?

A Bank Secrecy Officer works within a bank, credit union, or other financial institution to ensure compliance with BSA laws and BSA regulations.

Essentially, they develop, implement, and administer the Bank Secrecy Act compliance program, then train and supervise the staff to help ensure compliance.

What You'll Learn From Our BSA Compliance Training Courses

Our comprehensive Bank Secrecy Act certification training courses cover everything you need to know to execute the job of the BSA Officer effectively and efficiently. Our BSA banking courses provide bank secrecy act training covering BSA regulations, Bank Secrecy Act requirements, the BSA reporting requirements, and other Bank Secrecy Act compliance requirements, including:
  • Red Flags for money laundering
  • Definitions and building blocks for your BSA policy
  • When it says "policy", "procedure", or "process" in the exam manual - what is the difference?
  • Things that are exam hotspots in your policy
  • What is the Board involvement in your policy? Why are somethings better in procedures than in the policy?
  • Using the FFIEC exam manual to guide you through the process
  • Wires and monetary instrument recordkeeping rules
  • Customer Identification Rules
  • Internal Audit requirements
  • Risk assessing your BSA Officer
  • How to keep risk fluid in your organization
  • Customer Identification Programs - changing and evolving your program
  • Customer Due Diligence and High Risk Customers
  • Nonresident alien accounts and W-8BENs
  • Training requirements and things you might not know

Find BSA Compliance Training Courses

To find your desired BSA compliance training courses, either select a Recommended Course from the list below, or select "BSA" and your state from the "Professional Development" section of the search box at the bottom of this page.

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Training For The BSA Regulations And Your BSA Compliance Needs

How To Become A BSA Officer

As part of their compliance efforts, every financial institution must also have a designated BSA Officer. Typically appointed to the role by the board of directors, this is a high-level individual with extensive knowledge of the Act and can communicate with examiners and regulators regarding the status of the institution's compliance initiatives. Timely, relevant Bank Secrecy Act training is essential for anyone that holds or is seeking to fulfill this crucial role.

Why Choose Bank Training Center For Your Bank Secrecy Act Compliance Training Needs?

TrainingCenter has been helping professionals in industries such as banking, insurance, finance, real estate and accounting meet their training, certification and licensing requirements since 1994. Here at, we focus on providing timely, relevant educational resources regarding the most relevant and timely banking industry topics.

We offer multiple ways to meet your training requirements, including online courses and webinars, in-person seminars and offline publications — we make it easy to find a format that suits your learning preferences. Whether your goal is to meet compliance requirements or engage in training to boost your knowledge and enhance your career, you'll find the right program for your needs.

Feel free to contact us if you have questions about any of our Bank Secrecy Act training courses.

Recommended BSA Training Courses

The Bank Training Center offers numerous BSA banking, BSA compliance, and other bank training courses. Below are a few of our best-selling BSA banking courses:
  • BSA Requirements
    This course will introduce you to the fundamental Bank Secrecy Act requirements that every BSA officer needs to know. You'll become familiar with the Act and learn about the various CTR and SAR documentation and filing requirements. You'll also learn how to implement a strong Customer Identification Program (CIP) and gain an understanding of the relationship between the BSA and the USA PATRIOT Act.
  • BSA for the Frontline
    Regarded as the most crucial annual Bank Secrecy Act training initiative in years, this program covers the new BSA Customer Due Diligence rules that directly impact tellers, loan officers and other frontline bank employees. Not just for BSA officers, this training can benefit any employee who interacts with customers. You'll learn how to identify the red flags that indicate money laundering and much more.
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