Bank Secrecy Act Policy – Basic Version

$275.00

The purpose of this Bank Secrecy Act 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).  See more information about this product below.  In addition, we recommend adding a Product Update Protection Plan to your shopping cart to ensure you automatically receive an updated version of this policy template every time it is revised by us via e-mail within one year from the date of purchase.

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:
04/04/22 Update
OCC New Release 2022-23 – OCC Issues Final Rule Addressing Authority for Exemptions to Suspicious Activity Report Requirements
07/01/21 Update
FFIEC – Federal and State Regulators Release Updates to the BSA/AML Examination Manual
05/01/21 Update
Joint Release – Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money laundering Compliance
03/15/21 Update
FFIEC – Revised FFIEC BSA/AML Examination Manual
10/01/20 Update
FinCEN Final Rule:  Financial Crimes Enforcement Network; Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functioning Regulator
05/01/20 Update
FFIEC Press Release – Federal and State Regulators Release Updates to BSA/AML Examination Manual

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 70 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.

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.

BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.

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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