Bank Secrecy Act (BSA) compliance remains high on the examiners list for all credit unions, so credit union volunteers need to be familiar with BSA requirements. This course provides a comprehensive overview of BSA for directors. Topics include the specific actions that your board must take to keep in front of this issue.
The revised 3rd edition manual includes:
- Information on recent prohibition orders against financial institutions, including credit unions, for deficiencies in their BSA programs and violations of the law
- Updated information on requirements for electronic filing of BSA reports
- Updated information on entities eligible for exemption from CTR filing
- Recent case studies that detail criminal prosecution based on filed BSA reports
This is a CUNA Volunteer Achievement Program course.