BSA Basic Overview

May 13, 2014 - May 13, 2014 5:30 pm - 7:30 pm Location: League Office

Designed for Volunteers and Staff needing a BSA Overview

Speaker: André Lucas, Compliance Director, MD & D.C. CU Association

Federal regulators are committed to enforcing the Bank Secrecy Act (BSA), so complying with the regulation should be a top priority for every credit union. Get the information you need as a board member to ensure your training requirements have been met.

Attendees will:

  • Take a close look at the requirements of BSA and the Customer Identification Program (CIP);
  • Receive an overview of the Office of Foreign Assets Control (OFAC)and the PATRIOT Act;
  • Review policy requirements and examples of noncompliance;
  • Identify the penalties that regulators could potentially impose on your credit union;
  • Review CTR and SAR filing requirements;
  • Understand expectations and procedures necessary to comply with independent testing requirements;
  • And more

(Detailed review of CTR and SAR will be reviewed in the full day session on 5/14)

Registration Form