BSA for Frontline Staff

NCUA and state examiners are committed to enforcing the Bank Secrecy Act (BSA), so compling 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.

During this session, participants will be able to:

  • Satisfy their annual BSA update training requirements.
  • 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
  • All elements of the Bank Secrecy Act are required regardless of credit union's asset size or products and services.

    Event Details

    • When

    • Thursday, April 18, 2019
      9:00 AM - 3:00 PM
      Eastern Time

    • Where

    • MD|DC Credit Union Association
      8975 Guilford Rd, Suite 190
      Columbia, Maryland 21046
      USA

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