Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
If you haven't done so already, make sure you sign up for our free membership where you get access to many member-only videos, articles, and other resources.
Your directors don’t need to know every detail — but they do need to know what matters. When it comes to Bank Secrecy Act (BSA) compliance, directors and senior leaders walk a fine line. They aren’t responsible for filing CTRs or writing SAR narratives — but they are responsible for making sure your institution is fulfilling its BSA/AML obligations.
That’s where our Board of Directors CTR & SAR Training comes in.
Specifically designed for bank and credit union boards and senior management, this concise, high-impact training gives your leadership team the knowledge they need — and only what they need — to meet their fiduciary oversight responsibilities.
In just under 30 minutes, the training covers:
A streamlined overview of BSA requirements
The purpose and importance of Currency Transaction Reports (CTRs)
What Suspicious Activity Reports (SARs) are — and why they matter
Key considerations for board-level oversight and governance
This isn’t a deep dive into regulatory minutiae — it’s practical, board-ready guidance that enables your directors to confidently fulfill their compliance role.
NOTE: There are multiple ways for us to deliver this video program to your directors - including an option for a private portal for your directors to access - so let us know if you have questions.
Regular Price: $399
Demo Available: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can set you up with preview access.
Our “Board of Directors CTR & SAR Training” is a comprehensive, but quick and to-the-point program designed to assist in training the Board of Directors on general CTR and SAR responsibilities for your financial institution. The program includes an on-demand video (with a download option), a comprehensive manual, and presentation slides (Powerpoint) that can all be used for training your board and senior management team. The program actually provides three options to present the training to the Board:
Private Portal. First, we can set your organization up with a private link for your directors to log in individually and stream it from their own location - just email us for more info on this option.
Downloaded Video. Second, financial institutions can play our pre-recorded video during a Board meeting. This can be accomplished by either playing our on-demand video (streaming from our site) or by downloading the full MP4 file and playing it from your own computer (recommended).
Training Material for Employee Deliver. Lastly, financial institutions can utilize our comprehensive training manual and slides in order to have a bank employee provide the board training in person. If this option is chosen, the trainer can use our video as a guide of what their training could be like.
Understanding that Directors need an efficient and high-level overview for any type of training, this program is designed to provide comprehensive Compliance training for the Board of Directors in 30 minutes.
NOTE: If you would like to sample this program before purchasing it, just let us know and we can work something out.
The class provide the Board of Directors an overview of regulatory compliance changes from the prior year. Due to time constraints of the program and perceived applicability to attendees, some topics will be reviewed in greater details than others.
Part 1: An Overview of BSA
Introduction to BSA
The 5 pillars of BSA
Internal Controls
Part 2: Currency Transaction Reporting
CTR Requirements
Currency Transaction Reporting Exemptions
Part 3: Suspicious Activity Reporting
Systems to Identify & Report Suspicious Activity
SAR Requirements
Part 4: Director Oversight
This Compliance Class can be completed without leaving your office and provides you with everything you need to know about what compliance related activity took place during the prior quarter.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class (extensions available upon request)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
