The Financial Crimes Enforcement Network (FinCEN) today announced that it will hold an informational Webinar on Thursday, November 4, 2010 at 2:00 p.m. EST that will both highlight the benefits of the Bank Secrecy Act Electronic Filing System (BSA E-Filing) and instruct financial institutions on the simple process of signing up and using E-Filing. Electronically filing BSA information increases the timeliness of data availability, reduces the cost of paper processing, streamlines BSA report submissions, improves both data quality and data security, and provides users with enhanced audit and recordkeeping capabilities.
The BSA E-Filing system is a free, Web-based system that is user-ID and password protected. Financial institutions may use the system to electronically file a variety of BSA forms through a FinCEN secure network. More importantly, when an institution submits a form through the E-Filing system, it is more quickly available to and searchable by law enforcement.
During this Webinar, a FinCEN representative will discuss the following topics:
- Overview of the BSA E-Filing System;
- BSA reports available for E-Filing;
- Feedback reports available to E-Filers;
- How to enroll in BSA E-Filing;
- Single report or discrete filing; and,
- Multiple report or batch filing.
FinCEN encourages institutions that are still filing on paper forms to register for this Webinar. FinCEN's recent enhancements to BSA E-Filing support the Department of the Treasury's flagship initiative of moving toward a paperless Agency, referred to in the Department's Open Government Plan. FinCEN is committed to making efficient use of technology, such as webinars, to better inform financial professionals and the public about its activities designed to better protect the financial system from criminal abuse.
BSA E-Filing 101 Webinar
Date: Thursday, November 4, 2010
Time: 2:00 p.m. ET
After registering you will receive a confirmation email containing information about joining the Webinar.
PC-based attendees will require: Windows® 7, Vista, XP, 2003 Server or 2000
Macintosh®-based attendees will require: Mac OS® X 10.4.11 (Tiger®) or newer
Space is limited!
Click here for the webinar content