Bank Secrecy Act Reporting Expectations - CTRs and SARs

Real or perceived, over the last several years regulatory expectations have been heightened. What can we expect regarding Bank Secrecy Act (BSA) reporting expectations? The BSA requires that financial institutions have AML Programs that are “reasonably designed” to maintain appropriate records and file certain reports involving currency transactions and a financial institution’s customer relationships. Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) are the primary means used by banks to satisfy the requirements of the BSA.

This webinar will cover the Bank Secrecy Act (BSA) reporting expectations including requirements for CTRs and SARs.