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Bank Secrecy Act Policy – Basic Version

$175.00

The purpose of this Bank Secrecy Act Policy Template – Basic Version is to address measures used by a financial institution to comply with the requirements of the Bank Secrecy Act (BSA).

Description

BSA Policy – Basic Version

The purpose of this BSA Policy Template – Basic Version is to address measures used by a bank, credit union, 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

Recent updates to this product:
11/01/18 Update
Federal Agencies Issue a Joint Statement on Banks and Credit Unions Sharing Resources to Improve Efficiency and Effectiveness of Bank Secrecy Act Compliance
07/02/18 Update
Advisory on Human Rights Abuses Enabled by Corrupt Senior Foreign Political Figures and their Financial Facilitators – FIN-2018-A003
12/04/17 Update
Advisory to Financial Institutions Regarding Disaster-Related Fraud – FIN-2017-A007
09/05/17 Update
Advisory to Financial Institutions, Real Estate Firms/Professionals – FIN-2017-A003
12/05/16 Update
Technical Amendments to Various Bank Secrecy Act Regulations

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 Template – Comprehensive Version which incorporates these and other key elements of BSA/AML regulatory guidance.

This Bank Secrecy Act Policy Template – Basic Version (approximately 89 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

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