The Bank Secrecy Act developed in 1970 and the Anti-Money Laundering ACT of 2020 are the legislative framework requiring U.S. Financial Institutions to assist U.S. government agencies to detect and prevent money laundering and the financing of terrorism. This session will review the key components of a BSA/AML Compliance Program: Risk Assessment, Internal Controls Review, Independent Testing, BSA/AML Compliance Officer, and BSA/Compliance Training as well as tools and resources to strengthen your BSA/AML risk management programs.

This course was developed for those who have responsibility for their financial institution's (FI's) Bank Secrecy Act/ Anti-Money Laundering and Counter Financing of Terrorism programs. 

The FBI will discuss the current trend in financial crimes and scams