Welcome to the “Suspicious Activity Reports (SAR)” lesson which covers the governing bodies of the BSA. This lesson is the first of three in the “Bank Secrecy Act Basics” course, which gives financial institution employees a preliminary overview of the BSA and its mandated forms. After viewing this lesson, financial institution employees will understand how the Bank Secrecy Act is enforced, what constitutes “suspicious activity,” and what the Suspicious Activity Report entails.
Overview
COURSE DIFFICULTY
COURSE DURATION
8m
Skills Learned
After completing this online training course, students will be able to:
Understand the Purpose of the Bank Secrecy Act
Identify Key Components of Suspicious Activity Reports
Recognize Reporting Requirements and Timelines
Analyze Examples of Suspicious Activities
Implement Best Practices for SAR Filing
Compliance Officers, Risk Management Professionals, Financial Institution Employees
Basic Knowledge of Banking Operations, Familiarity with Regulatory Compliance
01. Introduction to the Bank Secrecy Act
02. Overview of Suspicious Activity Reports
03. Requirements for Filing SARs
04. Case Studies and Examples of Suspicious Activities
05. Best Practices for Compliance and Reporting
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Purpose of the Bank Secrecy Act
Identify Key Components of Suspicious Activity Reports
Recognize Reporting Requirements and Timelines
Analyze Examples of Suspicious Activities
Implement Best Practices for SAR Filing
WHO SHOULD ATTEND
Compliance Officers, Risk Management Professionals, Financial Institution Employees
PREREQUISITES
Basic Knowledge of Banking Operations, Familiarity with Regulatory Compliance
COURSE OUTLINE
01. Introduction to the Bank Secrecy Act
02. Overview of Suspicious Activity Reports
03. Requirements for Filing SARs
04. Case Studies and Examples of Suspicious Activities
05. Best Practices for Compliance and Reporting
