Purchase any WEBINAR and get
10% Off
CODE: SAVE10
T&C applicable, please referFAQ
Validity : 04th May'25 to 14th May'25
BSA Reporting Requirements
- Overview & Background
- Reporting
- Regulatory implications
- Takeaways
Overview of the webinar
BSA regulations require all financial institutions to submit five types of reports. Individuals or companies must file an individual filing requirement. We will go over more details later on in this presentation. They are:
- Currency transaction reports (CTR)
- Suspicious Activity Report (SAR)
- Foreign financial accounts (FBAR)
- Currency and Monetary Instrument Report (CMIR)
- Designation of Exempt Person
Who should attend?
Anyone who works within the following areas of a bank: Consumer compliance, regulatory Affairs, Project Management Office (PMO), related risk functions, operational support for consumer banking, customer-facing, or branch staff.
Why should you attend?
The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering.
The BSA is the nation's first and most comprehensive Federal anti-money laundering and counter-terrorism financing (AML/CFT) statute. BSA authorizes the Secretary of the Treasury to issue regulations requiring banks and other financial institutions to take a number of precautions against financial crime, including the establishment of AML programs and the filing of reports that have been determined to have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings, and certain intelligence and counter-terrorism
Faculty - Mr.Justin Muscolino
Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. Most recently, he served as Head of Compliance Training at Bank of China where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously he served as Macquarie Group’s Head of Americas Compliance Training and JPMorgan Chase’s Compliance Training Manager.Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.