This advanced legal training course delivers a comprehensive, operational, and regulatory examination of the Bank Secrecy Act (BSA) as it applies to financial institutions, fintechs, investment entities, broker-dealers, casinos, and money service businesses (MSBs). It focuses on the real-world legal implications of BSA compliance, with emphasis on corporate controls, policy development, legal risk mitigation, audit management, and regulatory interaction.
Using a mix of simulations, legal brief drafting, internal compliance analysis, and regulatory correspondence exercises, participants will master the interplay between legal duties under the BSA and internal operations—covering both defensive and offensive compliance strategies in the face of regulatory scrutiny.
Course Objectives
Participants will be able to:
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Interpret and apply key legal requirements under the Bank Secrecy Act and related federal regulations.
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Draft institution-specific AML/BSA compliance programs consistent with risk profiles and FinCEN expectations.
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Identify and mitigate institutional risks of enforcement actions.
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Respond legally and strategically to internal audits and external examinations.
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Prepare defensible Suspicious Activity Reports (SARs) and risk-based Customer Due Diligence (CDD) protocols.
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Advise boards and executive leadership on legal liability, internal investigation procedures, and remedial action.
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Strategically interact with FinCEN, federal banking regulators, and law enforcement under privilege constraints.
