BSA Policy – Basic Version
This BSA Policy – Basic Version addresses measures used by a bank, credit union, fintech company, or other type of financial institution to comply with the requirements of the Bank Secrecy Act (BSA).
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Structure of Accountability – Topic 3
- Compliance Program and Structure – Topic 4
- Risk Management and Assessment – Topic 5
- Suspicious Activity Reporting – Topic 6
- Currency Transaction Reporting – Topic 7
- Currency Transaction Reporting Exemptions – Topic 8
- Information Sharing – Topic 9
- Monetary Instruments – Topic 10
- Funds Transfers and Recordkeeping Requirements – Topic 11
- Anti-Money Laundering Policy Reference – Topic 12
- Customer Identification Program Policy Reference – Topic 13
- Office of Foreign Assets Control Policy Reference – Topic 14
- Audit Policy – Topic 15
- Staff Training – Topic 16
- Penalties – Topic 17
- Retention of Documentation – Topic 18
NOTE: This product is designed to provide the basic elements of the Bank Secrecy Act (BSA) and DOES NOT include detailed anti-money laundering (AML), customer identification (CIP), and OFAC guidance. Please refer to the Bank Secrecy Act Policy – Comprehensive Version which incorporates these and other key elements of BSA/AML regulatory guidance.
This Bank Secrecy Act Policy – Basic Version (approximately 70 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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