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Anti-money laundering compliance is topic of new NCUA webinars
ALEXANDRIA, Va. (4/6/14)--Looking for tips on how your credit union could better comply with federal anti-money laundering (AML) regulations? The National Credit Union Administration will provide an overview of AML issues and how they can be addressed in a pair of upcoming webinars.
Both webinars will deal with AML requirements enforced by the Office of Foreign Assets Control (OFAC)  and the Financial Crimes Enforcement Network (FinCEN).
The first webinar, "How to Be in Compliance with OFAC and FinCEN," will be held on May 21 at 2 p.m. (ET).
NCUA Office of Small Credit Union Initiatives Training Manager Diane Rector is scheduled to host the webinar, which will also feature commentary from:
  • Adam Maddox, sanctions compliance officer, OFAC;
  • Andrea Sharrin, office of compliance and enforcement director, FinCEN; and
  • Stephanie Brooker, enforcement division associate director, FinCEN.
The webinar will provide an overview of OFAC's and FinCEN's programs, their enforcement authorities and their relationships with other financial services regulators, the NCUA said.
The second webinar will take place on June 25 and will cover:
  • Reporting requirements;
  • Emerging money laundering threats; and
  • Tips on how to create an effective AML compliance program.
NCUA Office of Examination and Insurance staff will take part in both webinars.

Participants may submit questions in advance at The subject line of the email should read, "OFAC and FinCen Compliance Webinar."

To register for the May 21 webinar, use the resource link.
Other Resources

NCUA Webinar Registration
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