Bank Secrecy Act Basics: 04. Requirements and Purpose of the Bank Secrecy Act
Last Updated 01/2026
English
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What you'll learn
In this course, we'll explore the five main components of the BSA/AML program requirements and go over who is responsible for leading the effort.
Description
The Bank Secrecy Act established a robust set of regulations for banking institutions, including the requirement that every financial institution establish a BSA compliance program to deter illegal money laundering activity. The act also created a pathway through which law enforcement can investigate these types of crimes. In this course, we'll explore the five main components of the BSA/AML program requirements and go over who is responsible for leading the effort.
