Is Your Credit Union BSA Compliant?

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Make sure your credit union is Bank Secrecy Act (BSA) compliant by providing your staff with valuable BSA training.  Don’t miss these valuable webinar sessions for lenders, frontline staff, and BSA officers:

  • Bank Secrecy Act for Lenders, Aug. 21
  • Bank Secrecy Act for Frontline Staff, Aug. 22
  • Bank Secrecy Act for BSA Officers, Aug. 23

Bank Secrecy Act for Lenders, Aug. 21
Empower your lending staff with the ability to recognize and respond to money laundering schemes reportable under BSA, including critical facts, proper procedures, and reporting requirements.

You’ll get the answers to these questions and more:

  • What types of loans are used for money laundering?
  • What “red flags” can help you detect fraud or money-laundering?
  • Must all borrowers’ names be run through your Member/Customer Identification Program (MIP/CIP) and Office of Foreign Assets Control (OFAC), even guarantors and cosigners?
  • What should you do if you suspect loan fraud, identity theft, or money laundering?
  • What is the procedure for completing a Suspicious Activity Report (SAR)?

Click here to register for the eTrain: Bank Secrecy Act for Lenders.

Bank Secrecy Act for Frontline Staff, Aug. 22
Important information to help your frontline staff detect and prevent money laundering operations.

Session specifics:

  • USA PATRIOT Act Customer/Member Information requirements
  • Money laundering “red flags”
  • Currency Transaction and Suspicious Activity reporting
  • Anti-money laundering programs
  • Purchases of monetary instruments
  • Wire transfer requirements

Click here to register for the eTrain: Bank Secrecy Act for Frontline Staff.

Bank Secrecy Act for BSA Officers, Aug. 23
Provide your officers the guidelines they need to effectively monitor BSA and help them understand in detail each report and its requirements.

You’ll learn about:

  • Money laundering, BSA, USA PATRIOT Act, and OFAC
  • BSA program elements
  • Internal procedures and controls
  • Role of the BSA officer
  • Currency Transaction Report
  • Suspicious Activity Report
  • Recordkeeping
  • Customer Identification program and Customer Due Diligence (including the new Beneficial Ownership form for business accounts)
  • Consequences of noncompliance
  • Risk and duties of credit unions

Click here to register to register for the eTrain: Bank Secrecy Act for BSA Officers.

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