The USA PATRIOT Act provides, through Sections 314(a) and 314(b), mechanisms under which banks share information with each other or law enforcement agencies in an effort to deter money laundering and terrorist activity. This course will provide you with an overview of the mandatory and voluntary information sharing provisions of the Bank Secrecy Act (BSA). This course is intended for BSA & compliance personnel.
- Ensure compliance with the mandatory information sharing provisions of the Bank Secrecy Act
- Determine if your bank would like to participate in the voluntary information sharing provision of 314(b) and stay compliance once engaged
- Section 314(a)
- Section 314(b)
Rev–Mar. 2021. Course length ≈ 13 minutes.
This course is worth 0.25 CPE credit.