Beginning BSA Officer: What You Need to Know on Day 1


Jan 28, 2021

3:00 pm – 4:30 pm EST
(90-minute webinar – recording also available)

A BSA compliance program is only as effective as the person monitoring it.  So, new BSA officers need to hit the ground running.  A look at FinCEN’s on-going enforcement actions and guidance serves as a good reminder of the increasing perils of an ineffective BSA program.  With this webinar, new BSA officers can shift from being overwhelmed to being knowledgeable and focused on their new responsibilities.


The mission of the Financial Crimes Enforcement Network (FinCEN) is to “safeguard the financial system from illicit use, combat money laundering and its related crimes including terrorism, and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence.”  The Bank Secrecy Act (BSA) is an integral part of that mission and applies to financial institutions nationwide.

The regulation requires every financial institution to have a written, board-approved BSA program designed to ensure compliance.  With the ever-changing financial services landscape, the security function must be vigilant and capable.  From reporting transactions to recordkeeping and staff training to third-party software, there is much to master.  The key is understanding the duties and marshalling the necessary assets.