BSA Basic Overview

May 10, 2016 - May 10, 2016 5:30 pm - 7:30 pm Location: League Office

This evening session is designed for volunteers and any other credit union staff needing an overview of BSA.

Credit Union senior management must ensure that appropriate credit union personnel are trained in all aspects of the regulatory requirements of the BSA. Please refer to the full day BSA Training description to determine which session is appropriate for your staff and volunteers.

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.

During this session, attendees will:

  • Understand the importance of the BSA risk assessment
  • Discuss various emerging money laundering risks
  • Learn BSA reporting requirements, recordkeeping requirements and written program requirements
  • Learn what is required in the Customer Identification Program (CIP)
  • Understand Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs) and what staff must do to comply with reporting requirements
  • Review three stages of money laundering, and red flags
  • Understand why the BSA is important to the credit union and its regulators
  • Understand the role of the board in providing oversight, and assuring compliance

(Review of CTR and SAR filing requirements will be presented in the full day session on May 11)

Speaker: André Lucas, Compliance Director, MD & D.C. CU Association; whose current responsibilities include an active involvement in consulting with affiliated credit unions on operational issues, policies and procedure development, and federal and state compliance issues. André also provides training in the areas of Bank Secrecy Act (BSA) and Collections, and conducts on-site BSA testing/reviews for affiliated credit unions.

Originally from Washington, DC, Andre holds CUNA’s Certified Credit Union Compliance Expert (CUCE) and BSA Compliance Specialist (BSACS) designations.

Agenda:

5-5:30 p.m. – Registration/Light meal

5:30-7:30 p.m. – Program

Cost:

$70 per person (includes certificate of completion)

Cancellations after the registration deadline will not be refunded, but substitutions are welcomed.

Location:

League Office, 4 Quigley Blvd., New Castle, DE 19720 (if under 25 registrants) or

Associated Builders & Contractors, Inc. Airport Industrial Park (if more than 25 registrants)

Registrants will be notified if location changes

Registration Deadline: April 28, 2016

Registration Form