BANK SECRECY ACT (BSA) AND USA PATRIOT ACT COMPLIANCE
This advanced law course provides a comprehensive understanding of the Bank Secrecy Act (BSA) and the USA PATRIOT Act, their implications for financial institutions, and the necessity for stringent compliance measures. The course will address the historical context, legal frameworks, key requirements, and practical considerations for complying with these statutes. Moreover, the course will explore the role of these acts in combating financial crimes, such as money laundering and terrorist financing.
Course Objectives
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To provide students with a detailed understanding of the BSA and USA PATRIOT Act.
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To dissect the key regulatory requirements and frameworks under both acts.
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To explore case studies highlighting failures and successes in compliance.
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To examine the practical aspects of due diligence, reporting, and surveillance.
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To understand the ethical and legal imperatives for compliance.
