Bank Secrecy Act for Frontline Staff

Satisfy your Annual BSA Training Requirements for Credit Union Frontline Staff and Volunteers

Join us Tuesday, August 18, from 9 AM to 11 AM for a virtual education session and get the information you need to ensure your training requirements have been met before your NCUA examiner walks in the door.

Why attend?

This session is mandatory for frontline staff who interact directly with credit union members and handle their transactions. This includes, but is not limited to, tellers, branch managers, loan officers, member service representatives, as well as IT and marketing staff. Credit union volunteers are also welcome to attend to fulfill NCUA requirements. Plus, attendees can earn Continuing Professional Education (CPE) credits.

About the Session

NCUA and state examiners are committed to enforcing the Bank Secrecy Act (BSA), so complying with the regulation should be a top priority for every credit union. Attendees will take a close look at the requirements of MSA 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 and much more.

Key Objectives

• Learn how the five pillars of BSA need to be implemented with appropriate policies and procedures to effectively manage compliance
• Learn the importance of identifying, understanding, and mitigating money laundering risks
• Learn about the latest updates to CDD rules and beneficial owners
• Learn about monitoring to complete Currency Transaction Reports and Suspicious Activity Reports
• Learn how the roles of FinCEN, OFAC, and the USA Patriot Act impact your credit union
• Learn the importance of customer due diligence
• Review and discuss money laundering techniques
• Learn penalties and enforcement actions for non-compliance

Earn Continuing Professional Education Credits

MD|DC Credit Union Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Participants will earn 2.0 CPE credits

In order to be awarded the full credit hour, you must be present for at least 50 minutes and participate by answering prompted questions related to the content presented by the instructor.

Field of Study: Specialized Knowledge

Additional Information

Prerequisites: None

Who should attend: This session is mandatory for frontline staff who deal directly with credit union members and their transactions. This includes, but is not limited to: Tellers, branch managers, loan officers, member service representatives, IT and marketing staff. Credit Union volunteers may also attend this session to satisfy NCUA requirements.

Advanced Preparation: None

Program Level: Basic Delivery

Delivery Method: Group Internet Based