BSA/USA Patriot Act


*Created: September 2014
Price: $55 Members / $75 Nonmembers

Member Online Enrollment | Non-Member Online Enrollment
This course is also available at discounted prices under an annual license.  Call or email for details. Call or email for details.This course is available to ABA Member banks at no cost under a license agreement. Call or email for details.
Course Description:  BSA/AML: USA PATRIOT Act  explains the key aspects of the USA PATRIOT Act and what is needed to implement its provisions. It builds on existing knowledge of the customer identification and due diligence process, applying those concepts to specific types of accounts believed to pose increased risks of money laundering and terrorist financing. This course also explains how the USA PATRIOT Act affects sharing of certain types of information between financial institutions and law enforcement officials, to identify transactions that may involve terrorist activity or money laundering.
Note: This is a high-level overview course intended for employees that do not necessarily need a deep dive into the requirements of the USA PATRIOT Act. Many of the lessons included in this course are covered in more depth in other BSA courses such as BSA/AML: CIP Basics, BSA/AML: CIP Advanced, BSA/AML Recordkeeping, and BSA/AML: Risk Assessment and Customer Due Diligence.
Audience:  All employees 
Learning Objectives:  After completing this course, students will be able to:
  • Describe the purpose of the USA PATRIOT Act and the penalties for noncompliance
  • Describe actions to take if you suspect that an account may fall within a high-risk category
  • Identify customer due diligence requirements for foreign correspondence accounts
  • Identify customer due diligence requirements for private banking accounts
  • Describe the information sharing requirements in Sections 314(a) and 314(b) of the USA PATRIOT Act

    The Nebraska Bankers Association is a Local ABA Training Provider.
    For More Information Contact:

    Joanne Smith
    Education and Member Information Coordinator

Nebraska Bankers Association / 233 South 13th Street, Suite 700 / PO Box 80008 / Lincoln, NE 68501-0008