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Bank Secrecy Act Policy – Comprehensive Version

$425.00

The purpose of this BSA Policy Template – Comprehensive 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), including Anti-Money Laundering (AML), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) requirements.

Description

BSA Policy – Comprehensive Version

The purpose of this BSA Policy Template – Comprehensive 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), including Anti-Money Laundering (AML), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) requirements.

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Structure of Accountability – Topic 3
  • Compliance Program and Structure – Topic 4
  • Definitions – Topic 5
  • Risk Management and Assessment – Topic 6
  • Customer Identification Program Policy – Topic 7
  • Suspicious Activity Reporting – Topic 8
  • Currency Transaction Reporting – Topic 9
  • Currency Transaction Reporting Exemptions – Topic 10
  • Information Sharing – Topic 11
  • Monetary Instruments – Topic 12
  • Funds Transfers and Recordkeeping Requirements – Topic 13
  • Anti-Money Laundering Policy – Topic 14
  • Private Banking – Topic 15
  • Special Measures – Topic 16
  • Foreign Bank and Financial Accounts Reporting – Topic 17
  • International Transportation of Currency or Monetary Instruments – Topic 18
  • OFAC Policy – Topic 19
  • Other Products and Services – Topic 20
  • Other Persons and Entities – Topic 21
  • Know Your Customer Policy – Topic 22
  • Audit Policy – Topic 23
  • Staff Training – Topic 24
  • Penalties – Topic 25
  • Retention of Documentation – Topic 26

Includes the following form templates:

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
Federal Banking Agencies and FinCEN Announce Exemption from Customer Identification Program Requirements for Premium Finance Loans
10/01/18 Update
Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts
09/04/18 Update
Extension of Limited Exception from Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and Services with Rollovers and Renewals – FIN-2018-R003
07/02/18 Update
Advisory on Human Rights Abuses Enabled by Corrupt Senior Foreign Political Figures and their Financial Facilitators – FIN-2018-A003
06/04/18 Update
FFIEC Issues New Customer Due Diligence and Beneficial Ownership Examination Procedures
FIN-2018-R001 – Premium Cash Finance Refunds and Beneficial Ownership Requirements for Legal Entity Customers
FIN-2018-R002 – Beneficial Ownership Requirements for Legal Entity Customers of Certain Products and Services with Automatic Rollovers or Renewals
01/02/18 Update
Report of Foreign Bank and Financial Accounts (FBAR) filings – FinCEN Notice 2017-1
12/04/17 Update
Advisory to Financial Institutions Regarding Disaster-Related Fraud – FIN-2017-A007
Advisory on North Korea’s Use of the International Financial System – FIN-2017-A008
10/02/17 Update
FinCEN – Technical Corrections to Customer Due Diligence Final Rule
09/05/17 Update
Advisory to Financial Institutions, Real Estate Firms and Professionals – FIN-2017-A003
03/27/17 Update
FinCEN – Inflation Adjustment of Civil Monetary Penalties
02/01/17 Update
FinCEN – FBAR Filing Requirement for Certain Financial Professionals
12/05/16 Update
FinCEN – Technical Amendments to Various Bank Secrecy Act Regulations
06/06/16 Update
FinCEN – Customer Due Diligence Requirements for Financial Institutions (Beneficial Ownership Rule)
04/04/16 Update
Joint Release – Interagency Guidance to Issuing Banks on Applying Customer Identification Program Requirements to Holders of Prepaid Cards
01/04/16 Update
FinCEN – FBAR Filing Requirement – Extended Filing Date Related to Notice 2014-14

This BSA Policy Template – Comprehensive Version (approximately 256 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $425.00.

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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