BSA Quarterly Assessment

A professional setting depicting a financial compliance officer reviewing regulations with a focus on BSA and AML documentation, modern office environment, clear, informative, and educational tone.

BSA Quarterly Assessment Quiz

Test your knowledge on the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations with our comprehensive quiz. Ideal for professionals in the finance and compliance sectors, this quiz will challenge your understanding and expertise.

You'll explore essential topics including:

Key definitions such as BSA and AML
Components of an effective AML program
Filing requirements and deadlines
Consequences of non-compliance

5 Questions1 MinutesCreated by AnalyzingData24

What does AML Stand for?

Acute Myeloid Leukemia

Anti-Money Laundering

Account Maintenance Leadership

Actual Measured Loss

What are the components of AML?

Development of internal policies, procedures, and related controls

Designation of a compliance officer

A thorough and ongoing training program

Independent review for compliance

All of the above

How long does BSA/AML have to file a completed CTR with FinCEN from the date when a transaction is processed?

25 Days

2 Days

15 Days

30 Days

What are the reprecussions of unlawfully disclosing SAR information?

Criminal penalties of up to $250,000

Civil penalties of up to $100,000 for each violation

Imprisonment

All of the above

BSA Quarterly Assessment

BSA Quarterly Assessment Quiz

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