ALEXANDRIA, Va. (2/28/14)--"BSA-MSB Training: What You Need to Know" is the topic of a newly announced National Credit Union Administration webinar scheduled for Wednesday, March 19, at 2 p.m. (ET).
The session is geared to credit union managers and compliance staff. In its announcement the NCUA reminds that the importance of Bank Secrecy Act (BSA) compliance cannot be overstated. "An insufficient BSA compliance program may expose a credit union to reputation risk, such as manipulation by unscrupulous money launderers, undermine the integrity of the financial system or even threaten national security," it says.
Diane Rector, training manager and economic development specialist supervisor with the NCUA's Office of Small Credit Union Initiatives, will host the session. Jane Pannier, senior vice president and in-house counsel for Neighbor Bench, LLC, and Judy Graham, program officer with the NCUA's Office of Examination and Insurance will be on the panel. Key areas that will be discussed include:
- Critical elements of a BSA program;
- Money Service Businesses (MSBs);
- Common BSA violations; and
- Reporting requirements.
A certificate of training will be given to attendees who successfully complete the test offered at the end of the webinar.
Credit unions can use the resource link below to register for this free webinar is open. The same link will be used to log into the webinar on March 19. Registrants should allow pop-ups from this website.
The Credit Union National Association offers a four-day BSA compliance conference. CUNA's 10th annual event will bring together BSA compliance officers, state and federal examiners, industry experts and regulators for discussion, networking and education on BSA compliance issues.
This annual conference covers all of the BSA statutory and regulatory training requirements that compliance professionals need in order to comprehend and comply with the complex federal BSA law and also offers BSA training certification.
The 2014 conference is Oct. 26-29 in Las Vegas. (See second resource link for more detail.)