Bank Secrecy Act Training Frontline Staff & Officers | September 20, 2022

Event Information
September 20, 2022 | 9 am - 10:30 am EST
Online via Zoom

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 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 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: 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-Live

Cancellation Policy

To cancel a registration, the attendee must send 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.

Replaying Live Session

CPE Credits are not awarded for replaying live sessions. 

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