{"product_id":"bsa-requirements-for-trust-and-investments","title":"BSA Requirements for Trust and Investments","description":"\u003cdiv class=\"ebsi-team-licence-note\"\u003e\u003cp\u003e\u003cstrong\u003eBuying for a team?\u003c\/strong\u003e\u003cbr\u003eChoose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.\u003c\/p\u003e\u003c\/div\u003e\n\u003c!-- ebsi-sales-wrapper --\u003e\u003cdiv class=\"ebsi-sales-wrapper\"\u003e\n\u003cp\u003e\u003cstrong\u003eDevelop practical knowledge and confidence in BSA Requirements for Trust and Investments.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThis course will introduce the learner to the role of the Trust and Investments department in ensuring that the institution remains compliant with all aspects of the Bank Secrecy Act. The course will familiarize the learner with the Act itself, in addition to how, when, and why to file CTRs and SARs.The course will also discuss how to apply BSA requirements to other aspects of the institution’s operations. After...\u003c\/p\u003e\n\u003ch3\u003eWhy this course matters\u003c\/h3\u003e\n\u003cp\u003eThis course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.\u003c\/p\u003e\n\u003ch3\u003eWhat you will gain\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eBuild a practical understanding of the key concepts covered in BSA Requirements for Trust and Investments.\u003c\/li\u003e\n\u003cli\u003eRecognise where the topic applies in real workplace or business situations.\u003c\/li\u003e\n\u003cli\u003eApply the methods and good-practice approaches covered in the course with greater confidence.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eWho is this course for?\u003c\/h3\u003e\n\u003cp\u003eThis course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations.\u003c\/p\u003e\n\u003ch3\u003eCourse at a glance\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eStudy time:\u003c\/strong\u003e approximately 3 hours.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFormat:\u003c\/strong\u003e self-paced online learning.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eProfessional development:\u003c\/strong\u003e CPD course.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cp data-mce-fragment=\"1\"\u003e\u003cu\u003e\u003cstrong\u003eCourse\u003cspan\u003e Outline\u003c\/span\u003e\u003c\/strong\u003e\u003c\/u\u003e\u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003eSeat Time: 3hrs \u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003eThis course will introduce the learner to the role of the Trust and Investments department in ensuring that the institution remains compliant with all aspects of the Bank Secrecy Act. The course will familiarize the learner with the Act itself, in addition to how, when, and why to file CTRs and SARs.The course will also discuss how to apply BSA requirements to other aspects of the institution’s operations. After completing this course, the learner will understand:\u003c\/p\u003e\n\u003cul data-mce-fragment=\"1\"\u003e\n\u003cli data-mce-fragment=\"1\"\u003eHow to complete and file a CTR and a SAR.\u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003eHow to maintain an effective Customer Identification Program (CIP).\u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003eHow the USA PATRIOT Act affects BSA requirements.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cu\u003e\u003cstrong\u003eCourse Topics\u003c\/strong\u003e\u003c\/u\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT1. Bank Secrecy Act: \u003c\/strong\u003eThis topic will educate the learner on the recent progress of money laundering detection and prevention, the purpose of the Bank Secrecy Act (BSA), and information regarding the penalties for violating the BSA.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT2. Currency Transaction Reports (CTRs): \u003c\/strong\u003eThis topic will inform the learner about the use of Currency Transaction Reports (CTRs), Bank Secrecy Act (BSA) definitions of currency transactions, multiple transactions, completing a CTR, CTR exemptions, exempt and non-exempt businesses, and designating CTR exemptions.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT3. Filing a CTR Overview and Demo:\u003c\/strong\u003e This topic will provide the learner with detailed information and graphics of a CTR and will demonstrate how to properly fill out a CTR.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT4. Completing a CTR Assessment: \u003c\/strong\u003eThis topic will provide the learner with the opportunity to complete a CTR on their own using the provided information.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT5. Suspicious Activity Reports SARs:\u003c\/strong\u003e This topic will inform the learner on reporting suspicious activity, when to file a Suspicious Activity Report (SAR), examples of suspicious situations, completing a SAR, exceptions, and confidentiality of SARS.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT6. Filing a SAR Overview and Demo:\u003c\/strong\u003e This topic will provide the learner with detailed information and graphics of a SAR and will demonstrate how to properly fill out a SAR.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT7. Completing a SAR Assessment:\u003c\/strong\u003e This topic will provide the learner with the opportunity to complete a SAR on their own using the provided information.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT8. Customer Identification Program: \u003c\/strong\u003eThis topic will educate the learner about identifying customers, the purpose of a Customer Identification Program (CIP), verifying customersÆ identities, obtaining required identifying information about a customer from a third-party source when establishing a credit card account, and recordkeeping procedures.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT9. Funds Transfers:\u003c\/strong\u003e This topic will explain how funds transfers are essential tools of the global financial community, parties of transfer, using correspondent institutions, and funds transfer systems.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT10. Foreign Relations:\u003c\/strong\u003e This topic will enumerate the specific requirements set for by the Bank Secrecy Act (BSA) for relationships with foreign financial institutions, including correspondent foreign accounts, certification and recertification, verification of information, and examination procedures.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT11. USA PATRIOT Act:\u003c\/strong\u003e This topic will educate the learner on the provisions and background of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act, amendments to the Bank Secrecy Act (BSA), primary money laundering concerns, and the reauthorization of the USA PATRIOT Act.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT12. TI: Your Role in BSA: \u003c\/strong\u003eThis topic will familiarize the learner with his\/her role and responsibilities as a trust employee at the institution in regard to implementing an EDD program and ensuring compliance with the BSA.\u003c\/p\u003e\n\u003c!-- ebsi-cross-sell --\u003e\u003cdiv class=\"ebsi-cross-sell\"\u003e\n\u003ch3\u003eContinue your learning\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003ePart of this learning pathway:\u003c\/strong\u003e \u003ca href=\"\/collections\/bankers-academy-compliance-regulatory\"\u003eCompliance \u0026amp; Regulatory\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLearners also take:\u003c\/strong\u003e \u003ca href=\"\/products\/bsa-requirements-for-lenders\"\u003eBSA Requirements for Lenders\u003c\/a\u003e  |  \u003ca href=\"\/products\/bsa-requirements-for-operations\"\u003eBSA Requirements for Operations\u003c\/a\u003e  |  \u003ca href=\"\/products\/bsa-requirements-for-rmlos\"\u003eBSA Requirements for RMLOs\u003c\/a\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c!-- ebsi-academy-breadcrumb --\u003e\n\u003chr\u003e\u003cdiv class=\"ebsi-course-pathway\"\u003e\n\u003cp\u003e\u003cstrong\u003eCourse pathway:\u003c\/strong\u003e \u003ca href=\"\/pages\/welcome-to-ebsi-banking-academy\"\u003eeBSI Banking Academy\u003c\/a\u003e \u0026gt; \u003ca href=\"\/collections\/bankers-academy-compliance-regulatory\"\u003eCompliance \u0026amp; Regulatory\u003c\/a\u003e \u0026gt; BSA Requirements for Trust and Investments\u003c\/p\u003e\n\u003cp\u003eExplore more \u003ca href=\"\/collections\/bankers-academy-compliance-regulatory\"\u003eCompliance \u0026amp; Regulatory\u003c\/a\u003e training or return to the \u003ca href=\"\/pages\/welcome-to-ebsi-banking-academy\"\u003eeBSI Banking Academy\u003c\/a\u003e.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Bankers Academy","offers":[{"title":"Individual Licence (EUR 60)","offer_id":40081851711666,"sku":"Ba-081","price":66.0,"currency_code":"USD","in_stock":true},{"title":"5 Licences (EUR 50 each)","offer_id":59260490580316,"sku":null,"price":275.0,"currency_code":"USD","in_stock":true},{"title":"10 Licences (EUR 40 each)","offer_id":59260490613084,"sku":null,"price":440.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0077\/7604\/3071\/products\/BA-081BSARequirementsforTrustandInvestmentsCOVER.png?v=1621627110","url":"https:\/\/www.ebsiamericas.com\/products\/bsa-requirements-for-trust-and-investments","provider":"eBSI Export Academy","version":"1.0","type":"link"}