Bank Secrecy Act and Anti-Money Laundering Service

Author: Lorraine Hyde
Format/Frequency of Update: 3-Ring Binder with CD/ 2 updates annually
Price: $499
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Passage of the USA PATRIOT Act has created a minefield of compliance problems for financial institutions. The Bank Secrecy Act and Anti-Money Laundering Service can help you navigate through the hazards-- there’s no better way to stay up-to-date on the unfolding changes in Bank Secrecy Act (BSA) requirements.

You’ll get guidance and examples on such hot topics as filing a currency transaction report (CTR) on multiple transactions; new wire transfer requirements; CTR violations; reporting computer intrusions; and training your staff on anti-money laundering procedures. This comprehensive manual covers:

Overview of the Bank Secrecy Act
Establishing and Managing a BSA Compliance Program
Recording and Reporting Transactions
Reporting Currency Transactions
Funds Transfer Recordkeeping Requirements
Overview of Anti-Money Laundering
Asset Forfeiture
Developing and Implementing an Effective Know Your Customer Program
Electronic Money Laundering Schemes
Payable-Through Accounts
Office of Foreign Assets Control

Key Features include:

Sample BSA Compliance Policies: Quickly create your own BSA policy that will meet the expectations of regulators
BSA checklists: Easily verify that your program is in full compliance
BSA training materials on CD: The easy way to ensure your staff understands the latest regulatory changes
Emerging issues in anti-money laundering: Learn from the errors of others – our coverage of recent violations ensures you don’t make the same mistakes

About the Author

Lorraine Hyde is a certified bank compliance officer and is certified as a fraud examiner by the Association of Certified Fraud Examiners. Ms. Hyde was employed for six years as a department head of investigation for the Division of Liquidation of the Federal Deposit Insurance Corporation. Ms. Hyde was also employed as the compliance officer, consumer loan training coordinator, and manager of consumer lending for a major Twin City thrift. Ms. Hyde’s expertise is in consumer, home equity, and small business lending, loan review and analysis, and bank fraud investigations for the Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC). She currently resides in Phoenix, Arizona.