Bank Secrecy Act (BSA) Record Keeping Requirements – ON-DEMAND WEBINARS


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Recorded: January 28, 2021
Presented by: Mr. Mark Dever, CAMS, VP and Senior Consultant, FORVIS

In October 1970, Congress enacted the Financial Recordkeeping and Currency and Foreign Transaction Reporting Act, which over time became known as the Bank Secrecy Act (BSA). Although close to 19 million reports will be submitted by the various industry groups required to comply with BSA this year, another integral part of the implementing regulations is the recordkeeping requirements imposed by the BSA. This webinar will review the mandated recordkeeping requirements imposed on the industries.

Here’s What You’ll Learn:

  • Basic recordkeeping requirements;
  • Account and transactional records;
  • Monetary instrument sales records;
  • Funds Transfer Recordkeeping requirements;
  • “What” to do with the records – SAR monitoring and reporting; and
  • Allow time for questions from attendees.

As important as the millions of BSA reports submitted to Treasury each year are in the overall scope of compliance, the records the industries are obtaining, retaining, and using to identify and report suspicious transactions are of equal importance to law enforcement’s efforts to thwart money laundering, terrorist financing, and other financial crime. This webinar from FORVIS will provide the compliance and audit staffs with the latest information on the recordkeeping requirements found within the BSA.

Who Should Listen

This webinar will be of most value to members of the compliance and audit communities.

Program Level: Basic to Intermediate

Prerequisite/Advanced Preparation: Basic Knowledge of BSA AML Compliance Rules

Field of Study: Specialized Knowledge

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Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.