We recently released six new compliance courses in the Bank Secrecy Act (BSA) training space. Aimed at the financial industry from operations, compliance, and branch teams to managers and even experienced bankers, these BSA courses are interactive and can be customized for your institution, offering a comprehensive solution.
Financial institutions today are under more pressure than ever to maintain stringent anti-money laundering (AML) controls, stay ahead of regulatory and law enforcement expectations, and manage risk. Vubiz’s new BSA courses enable institutions to have a comprehensive and flexible compliance training solution for employees to understand and internalize critical BSA/AML policies and procedures.
BSA Customizable Courses for Bigger Impact
- Bank Secrecy Act: CDD / EDD Procedures: Highlights customer due diligence (CDD) and enhanced due diligence (EDD) procedures, allowing employees to identify and escalate higher-risk customers.
- Bank Secrecy Act: CIP for Prepaid Cards: Explains CIP requirements for prepaid cards, which are subject to more scrutiny from regulators.
- Bank Secrecy Act: Customer Identification Program (CIP): Reviews the basics of CIP, including legal requirements and guidance for identification across all products and services.
- Bank Secrecy Act: Developing a Customer Identification Program: Guides institutions through the process of how to design, document, implement, and monitor a compliant CIP program.
- Bank Secrecy Act: Risk Assessments: Walks through risk modeling, inherent risk, how to mitigate risks and gaps, and documentation best practices.
- Bank Secrecy Act: Seasoned Bankers: Tailored for more senior banking professionals, this course reviews more advanced BSA/AML trends, typologies, and regulatory guidance.
With these six courses, financial institutions can provide a more layered BSA curriculum, applicable to all staff from entry level to management.
“In financial compliance, it can take just one mistake to end up costing more than fines,” said Jim Rapino, President and CEO at Vubiz.
“It can cost your bank or credit union its reputation and expose you to risk. These courses to provide a flexible training solution and more engaging online training content that you can tailor to your specific needs, whether you’re training a branch teller or a compliance team manager.”
Customize to Fit Your Institution
The key with BSA training is that one size does not fit all. Every bank or credit union has different risk profiles, policies, thresholds, risk tolerances, and regulatory environments. With Vubiz’s new BSA courses, the entire suite is structured with customization points, allowing each institution to insert its own policy language, its own thresholds and risk tolerances, or any regional regulatory references. Instead of trying to force a rigid “out of the box” program on your institution, Vubiz’s new BSA courses allow you to mold and build on the content.
Interactive, Not Just Talking at Them
One of the benefits of interactive compliance training is the opportunity to present the content in different ways, such as scenarios, questions, quizzes, or case studies. In most BSA training content, the learning is either regulatory guidance or telling learners the procedures. While there’s a place for both, having those policy points augmented with the tools and scenarios they’ll see “on the job” allows the content to not just be read and then forgotten. Real-world applications to the learning, like showing learners risk factors for them to choose the correct level of due diligence, are vital for critical thinking and decision making, helping knowledge stick.
Links Operations and Oversight, Training on Both
Typically, banks will either train on procedures, without putting as much effort into the oversight part, or train just the executives and officers, without bringing everyone else up to speed or speaking the same language. This suite of six courses fills both those gaps, allowing both frontline and management to have a common and consistent foundation. The more advanced courses provide more detailed and specialized training for managers and risk or compliance specialists. All sides gain a consistent foundation, and the more specialized courses provide the details needed by management, investigators, and auditors.
Why Now is the Time for Financial Institutions to Care
The fight against money laundering, terrorist financing, and meeting regulatory expectations is at an all-time high for institutions across the globe. Gaps or incomplete training, for instance, where staff members know and understand policy but leadership or auditors lack the same understanding, or the other way around, can create vulnerabilities or compliance risk. With an integrated approach to BSA training covering the roles that matter, financial institutions can shore up those gaps, be better prepared for audits, and reduce operational risk.
Moreover, regulators and agencies in the U.S. and abroad are expecting to see more evidence of not just “checking the box” with one or two pieces of BSA/AML training but ongoing, role-based learning and risk-based approaches to compliance. With Vubiz’s BSA courses, financial institutions can map out and document their learning journeys by risk tier and job function.
Course Snapshot
| Course | Audience | Duration* | Highlights |
|---|---|---|---|
| CDD / EDD Procedures | Compliance teams, operations | ~1.5 hour | Risk tiers, escalation, enhanced due diligence workflow |
| ~CIP for Prepaid Cards | Product, operations, risk | ~1.0 hour | Prepaid card nuances, regulatory guidance, exceptions |
| Customer Identification Program (CIP) | All frontline personnel | ~1.0 hour | Identity verification, documentary & non-documentary methods |
| Developing a CIP | Compliance officers, risk managers | ~1.25 hours | Framework design, monitoring, oversight |
| Risk Assessments | AML officers, risk teams | ~1.5 hours | Inherent risk, control gaps, mitigation strategies |
| Seasoned Bankers | Senior banking professionals | ~1.0 hour | Emerging typologies, regulatory trends, and strategic oversight |
*Durations are estimates and may vary slightly depending on customizations, embedded quizzes, or interaction with content. All courses are mobile-friendly, SCORM / xAPI compatible, and can be integrated into any LMS for easy, widespread deployment.
As a content provider, Vubiz enables and empowers financial institutions to tailor the content to their internal AML models, policies, and procedures.
Getting Started
Financial institutions interested in learning more about the new BSA courses can request a custom demo or sales consultation. Implementation is also easy: branding and customization allow you to build in your policies and guidance, then deploy the BSA courses via your LMS. Vubiz also allows training administrators to set learning paths and completion based on role, risk, or department.
This new BSA course offering is the latest addition to Vubiz’s library of interactive compliance training solutions for the financial services industry. Vubiz is committed to helping financial services companies balance the need for compliance and controls with
For more information, request a demo of any BSA course or contact info@vubiz.com.
