BSA-AML (Bank Secrecy Act/Anti-Money Laundering)
Position Summary
BSA/AML regulations are designed to help identify the source, volume, and movement of currency and other monetary instruments. BSA/AML statutes require individuals, banks, and other financial institutions to file currency reports with the U.S. Department of the Treasury, properly identify persons conducting transactions, and maintain a paper trail by keeping appropriate records of financial transactions. Regulatory agencies and law enforcement networks use these records to investigate criminal, tax, and regulatory violations and, if warranted, provide evidence useful in prosecuting money laundering and other financial crimes.

BSA/AML regulations are designed to help identify the source, volume, and movement of currency and other monetary instruments. BSA/AML statutes require individuals, banks, and other financial institutions to file currency reports with the U.S. Department of the Treasury, properly identify persons conducting transactions, and maintain a paper trail by keeping appropriate records of financial transactions. Regulatory agencies and law enforcement networks use these records to investigate criminal, tax, and regulatory violations and, if warranted, provide evidence useful in prosecuting money laundering and other financial crimes.

BSA-AML (Bank Secrecy Act/Anti-Money Laundering) News

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Money Services Business BSA/AML Self-Assessment Tool

MSB BSA/AML Self-Assessment Tool The Bank Secrecy Act and related federal and state law requirements (“BSA/AML”) are a crucial component of money services businesses (“MSB” or “MSBs”) operations. As a first line of defense for financial crimes, MSBs play an important role in minimizing fraud, money laundering, terrorist financing, and other financial crimes. BSA/AML compliance has become increasingly complex, leading
February 12, 2018
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BSA-AML Self-Assessment Tool

CSBS has developed and approved this tool to help financial institutions prepare for the coming changes decided by FASB for accounting for losses.
November 3, 2017
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Certified Anti-Money Laundering Specialist (CAMLS)

Specialty Certification Certified Anti-Money Laundering Specialist (CAMLS) Objectives of the Anti-Money Laundering Certification Program: To achieve recognition of the skill level required for the examination of adherence to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) laws and regulations applicable to regulated financial institutions and money service businesses. To promote continuing education in the BSA/AML area of examination. To emphasize the need for
November 3, 2017
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Money Services Businesses

The Money Transmission Modernization Act is a single set of nationwide standards and requirements to modernize the supervision and regulation of money transmitters.
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