BSA Training

May 14, 2014 - May 14, 2014 9:00 am - 4:00 pm Location: League Office

BSA Training for Frontline Staff, Management and BSA Officers

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

NCUA examiners 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 to ensure your training requirements have been met before your examiner walks in the door.

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
  • Identify appropriate due diligence and internal control procedures
  • Get training requirements and materials for managers
  • Learn to understand and manage monitoring systems
  • Review completing a Risk Assessment
  • Examine periodic compliance testing
  • Review money laundering examples
  • And more

Registration Form