BSA: New Employees & Suspicious Activity

New employees of a financial institution have a huge learning curve. Not only do they need to understand their day-to-day job duties and responsibilities, but they also need to understand the basics of the Bank Secrecy Act requirements. Whether they are a lender, a teller, or even a janitor, being able to understand and detect suspicious activity is an essential part of your BSA/AML program.

Kevin explains more in the video.


BSA Resources!

Video Highlights:

  • Reports of suspicious and/or unusual activity are a cornerstone of your BSA/AML Program.
  • Suspicious Activity Reports (SARs) are highly confidential.
  • Currency Transaction Reports (CTRs) must be filed if more than $10,000 in cash is deposited.

Published
2023/05/25

 
Kevin Edwards

Kevin Edwards

Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).

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