Implementing the Bank Secrecy Act


  • Outline, briefly, the constituent parts of the BSA requiring bank compliance
  • Define Money Laundering, common and legal identifiers and Red Flags
  • Identify Sources of Audit Evidence  of IT Laundering
  • Explain how the BSA covers evidence gathering
  • Internet and Cloud Laundering
  • The steps involved in conducting an internal investigation
  • Elements required to establish evidence of Laundering

The webinar is aimed primarily at bankers, bank auditors and forensic auditors who are working with or involved in developing or auditing compliance with the BSA

  • Internal Audit Professionals, Chief Audit Executives
  • IT Management Professionals
  • Risk Officers & strategic management members
  • Internal control professionals
  • Forensic Auditors

Topic Background

  • Stages of Money Laundering
  • Four Pillars of BSA
  • Customer Identification Program
  • OFAC Checking
  • Beneficial Ownership
  • The two-prong test
  • Customer Due Diligence
  • Customer Risk Rating
  • Filing Report

Richard E. Cascarino, MBA, CRMA, CIA, CISM, CFE

Well known in international auditing circles as one of the most knowledgeable practitioners in the field, Richard is principal of Richard Cascarino & Associates, a highly successful audit training and consultancy company. He has worked extensively with banks across Africa, the USA, the Caribbean, the Middle East and the Indian Ocean Isles. He is a regular speaker to National and International conferences and has presented webinar series throughout Africa, Europe, the Middle East and the USA.

Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc and is a member of ISACA and the Association of Certified Fraud Examiners. Richard was the chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa and served as chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health).

He is also a visiting Lecturer at the University of the Witwatersrand, author of the book “Internal Auditing - an Integrated Approach”, 3rd edition Jan 2015, published by Juta Publishing.  In addition, he is the author of the "Auditor's Guide to IT Auditing", “Corporate Fraud and Internal Control” and “Data Analytics for Internal Auditors”

The purpose of the BSA is to require United States (U.S.) financial institutions to maintain appropriate records and file certain reports involving currency transactions and a financial institution’s customer relationships.

In recent years, the reports and records prescribed by the BSA have also been utilized as tools for investigating individuals suspected of engaging in illegal drug and terrorist financing activities and other Money Laundering activities. Money laundering involves the processing of a financial transaction representing the proceeds of unlawful activity in such a manner to conceal the nature, source, or ownership of the proceeds or to avoid a legal requirement to report such a transaction.

This form of fraud differs in many ways from traditional banking fraud since the financial institution is not itself the target; nor are the organization’s customers. Rather it involves the use of the organizational environment and infrastructure to carry out an illegal activity.


  • $290.00