LF logo
by learnformula
search
Log in
search
Courses/Law/Tax Law

AML and Bank Secrecy Act Compliance Essentials

Master essential BSA/AML compliance strategies to mitigate risk and ensure regulatory adherence for your financial institution.

Created byCLE for Me
4.5
(13 reviews)
BeginnerUpdated Jun 17, 2025
AML and Bank Secrecy Act Compliance Essentials

What You'll Learn

check_circleUnderstand BSA/AML compliance essentials.
check_circleLearn to scope and plan BSA/AML exams.
check_circleMaster BSA/AML risk assessment techniques.
check_circleAssess BSA/AML compliance programs effectively.
check_circleDevelop conclusions and finalize examinations.
check_circleComprehend OFAC compliance requirements and program structures

About This Course

This course, "AML and Bank Secrecy Act Compliance Essentials," provides a comprehensive overview of the Bank Secrecy Act (BSA) and its crucial role in Anti-Money Laundering (AML) compliance. You'll gain a practical understanding of key regulations and best practices for mitigating financial crime risks.

The course covers essential topics including: FinCEN's role in BSA enforcement, Suspicious Activity Reporting (SARs), Currency Transaction Reporting (CTRs), international currency transport reporting (CMIR), Foreign Bank Account Reporting (FBAR), BSA AML risk assessments, building a robust BSA AML compliance program, the BSA AML examination process, and the implications of systemic and repeat violations. You will also explore the USA Patriot Act's impact, Customer Identification Programs (CIP), Customer Due Diligence (CDD), beneficial ownership requirements, OFAC sanctions compliance, and effective management practices for establishing a robust BSA AML program.

Upon completion, you will be able to:

  • Understand the core requirements of the BSA and AML regulations.
  • Identify and mitigate money laundering and terrorist financing risks.
  • Develop and implement effective BSA AML compliance programs.
  • Navigate the BSA AML examination process and respond effectively to examiner findings.
  • Comprehend and apply OFAC sanctions compliance best practices.

Your Instructors

CLE for Me
CLE for Me

Empowering Legal Professionals, One Hour at a Time

menu_book107 courses
star3,153 reviews

CLE for Me provides innovative, accessible, and engaging Continuing Legal Education designed to meet the needs of today’s busy legal professionals. With a focus on practical insights, emerging trends, and compliance requirements, we deliver courses that are as impactful as they are convenient. Our expert-led programs empower attorneys to stay informed, enhance their skills, and excel in their practice—all at their own pace.

Elise Thomas
Elise Thomas

Licensed New York Attorney


Licensed in New York and currently based in Illinois. She is in her fifth year as a corporate attorney and has experience working in law firms and in-house settings. Her focus includes corporate law, including entity formation, equity issuance, and a focus on equity and debt financings as well as merger and acquisition transactions. She also has experience in commercial agreements and privacy and data security law.

Credit Information

What Students Are Saying

4.5
Student's Choice
13 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.