In-Person

  • Bank Secrecy Act for Frontline Staff | April 17, 2024 (In-Person)
    Contains 3 Component(s)

    In this session, Compliance Director, Andre Lucas provides the information you need to ensure your training requirements have been met before your examiner walks in the door.

    Event Information
    April 17, 2024 | 9 am - 11 am
    MD|DC Credit Union Association
    7021 Columbia Gateway Drive
    Columbia, MD 21046

    Satisfy your annual BSA update training requirements for credit union volunteers. 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. 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 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.

    Participants will:
    • 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, FAC, 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: Credit union board of directors and supervisory committee members/volunteers.

    Advanced Preparation: None

    Program Level: Basic Delivery

    Delivery Method: Group Live

    Cancellation Policy

    To cancel a registration, the attendee must send a request in writing by email to the Training and Education department at chunter@mddccua.org. If the cancellation email is received 7 or more days before the scheduled session, a refund or credit will be made.

    No refunds or credits will be made if the cancellation email is received within 6 days of the training session. For more information regarding MD|DC CUA training policies, including cancellation or complaints, please contact Chrystal Hunter, Training & Events Manager at
    443-325-0772.

    Admission

    Credit Unions Over $50 Million in Assets -- $190
    Credit Unions Under $50 Million in Assets -- $95

    Event Information
    April 17, 2024 | 9 am - 11 am
    MD|DC Credit Union Association
    7021 Columbia Gateway Drive
    Columbia, MD 21046

    Satisfy your annual BSA update training requirements for credit union volunteers. 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. 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 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.

    Participants will:
    • 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, FAC, 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: Credit union board of directors and supervisory committee members/volunteers.

    Advanced Preparation: None

    Program Level: Basic Delivery

    Delivery Method: Group Live

    Cancellation Policy

    To cancel a registration, the attendee must send a request in writing by email to the Training and Education department at chunter@mddccua.org. If the cancellation email is received 7 or more days before the scheduled session, a refund or credit will be made.

    No refunds or credits will be made if the cancellation email is received within 6 days of the training session. For more information regarding MD|DC CUA training policies, including cancellation or complaints, please contact Chrystal Hunter, Training & Events Manager at
    443-325-0772.

    Admission

    Credit Unions Over $50 Million in Assets -- $190
    Credit Unions Under $50 Million in Assets -- $95

    Andre Lucas

    Director of Compliance

    MD|DC Credit Union Association

    André Lucas is Director of Compliance at the Maryland & District of Columbia Credit Union Association. André began his career in the financial industry as a Loan Officer/Collector with American Finance Company in 1977. Spending a large portion of his workweek collecting in the field, André quickly became recognized for his strong ability to collect face-to-face and recover collateral.

    André began his credit union career as a Collection Officer with Pentagon Federal Credit Union in January 1984. In July 1986, he accepted the position of Collections Manager with CommonWealth One Federal Credit Union (formerly AMC FCU) in Alexandria, Virginia. During his twenty years there, André was one of the first elected officers for the Capital Area Collection Managers Roundtable Group, serving as the first Chairman from 1995 through 1998, Vice Chairman in 2000, and again as the Chairman in 2001 and 2002. His involvement with the roundtable also led him to Chair the committee that provides assistance and collections training to small credit unions.

    André’s current responsibilities include 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.

    Cancellation Policy 

    Live events
    To cancel registration for a live event, the registrant must send an email to Chrystal Hunter, Training and Events, at chunter@mddccua.org. If the cancellation email is received 7 or more days before the live event, a refund or credit will be made minus a 30% cancellation fee. No refunds or credits will be made if the cancellation email is received within 6 days of the live event.  

    Self-study Courses and Recordings
    To cancel registration for a self-study program or recording, a refund or credit will be made if course component has never been viewed or accessed by registrant. No refunds or credits will be made if the course component has been viewed or accessed. 

    Training Discount

    Financial assistance is available for credit unions with less than $150 million in assets through training grants provided by the CU Foundation of MD|DC. 

    Approved awardees will receive their training grant as a REIMBURSEMENT upon successful completion of the program. Certification verification demonstrating completion of the program is required to receive the grant. Eligible credit unions may receive up to $2,000 annually.  Funds are limited. 

    To apply, please visit: www.cufound.org/training