Bank Secrecy Act and Anti-money Laundering

Bank Secrecy Act and Anti-money Laundering

Bank Secrecy Act and Anti-Money Laundering

This course will provide an overview of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, including their history, purpose, and key provisions. The course will cover the role of Bullish in detecting and reporting money laundering and terrorism financing activities, as well as the responsibilities of Bullish under the BSA and AML regulations. The course will also discuss the penalties for non-compliance and best practices for compliance with the BSA and AML regulations.

Courses in this Certificate Program

  • 4 Total Hours
  • LIVE Online: 4 Hours+
  • Tuition: $249
Courses in this ProgramHours Delivery Method
Student Orientation1 HourLIVE Online (optional)
Bank Secrecy Act and Anti-money Laundering4 HoursLIVE Online
LIVE Instructor AMA - bi-monthly1 Hour +LIVE Online (optional)

Upcoming LIVE Instruction Dates

Bank Secrecy Act and Anti-Money Laundering Course Objectives:

  • Understand the history and purpose of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations.
  • Learn about the role of Bullish in detecting and reporting money laundering and terrorism financing activities.
  • Become familiar with the responsibilities of Bullish under the BSA and AML regulations.
  • Understand the penalties for non-compliance with the BSA and AML regulations.
  • Learn best practices for compliance with the BSA and AML regulations.

Certificate of Completion – Bank Secrecy Act and Anti-Money Laundering Syllabus – 4 Hours

Course Content Overview

Module 1 – Introduction to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations

  • History
  • Purpose of BSA and AML

Module 2 – Financial Crimes Enforcement Network (FinCEN)

  • Financial Crimes Enforcement Network (FinCEN)
  • Oversight of Virtual Currencies
  • Technical Assistance provided by Financial Crimes Enforcement Network (FinCEN)
  • Other Regulatory Agencies SEC, CFTC and DFS

Module 3 – Role of financial institutions in detecting and reporting money laundering and terrorism financing activities

  • Suspicious Activity Reports (SARs) 
  • Reasonable Suspicion 

Module 4 – Responsibilities of financial institutions under the BSA and AML regulations

  • Responsibilities 

Module 5 – Penalties for non-compliance with the BSA and AML regulations

  • Examples of Civil Penalties
  • Examples of Civil Penalties for Crypto Exchanges
  • Examples of Criminal Penalties
  • Examples of Civil Penalties for Crypto Exchanges

Module 6 – Best practices for compliance with the BSA and AML regulations

Course Info

  • October 23, 2022
  • LIVE Online
  • Tuition: $249
  • Tuition Assistance
  • 4 Total Hours
ENROLL NOW

Additional Information

  • Module Quizzes and Knowledge Checks
  • Guest Lectures & Networking
  • Student Orientation
  • LIVE Online Instructor AMAs
  • Certification Exam Prep
Certification Competencies

This program covers 5% of the focus area exam competencies for the Blockchain Legal Professional Level 2 Certification Exam set by the Web3 Certification Board.

Review W3CB Exam Competencies.

Related Certification Tracks

Certified Blockchain Legal & Regulatory Professional

  • Web3 Foundations
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  • Blockchain for Lawyers
  • Data Protection Regulation: GDPR, CPRA/CCPA
  • Exam Voucher: W3CB Blockchain Legal Professional Level 1
  • Blockchain Regulatory Environment
  • Blockchain Enterprise Strategy
  • Key Management
  • AML/KYC Essentials
  • Bank Secrecy Act and Anti-money Laundering
  • Information Security and Cyber Risk Awareness
  • OFAC Compliance Essentials
  • Exam Voucher: W3CB Blockchain Legal Professional Level 2