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.

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