Class 1: October 12, 2016 - 2:00-3:00 p.m. CT
Following the Supervisory Trail
In this session, you'll gain insights from an ex-examiner perspective on trends in examination findings, common deficiencies - including the impact on your CAMEL rating, what can go wrong during the examination, and how you can negotiate with your examiner.
Class 2: October 19, 2016 - 2:00-3:00 p.m. CT
Scoping for a BSA/AML Examination
Your BSA exam is quickly approaching! What should you do to prepare? This session will provide tips, tricks and real-life examples of what you should review, what should be updated, and will identify those sometimes overlooked areas that might need some attention before the examiners walk through your door. At the completion of this session, you will have tools and information you can take back to your credit union to guide you through the exam preparation process.
Class 3: October 26, 2016 - 2:00-3:00 p.m. CT
Account Opening: The BSA/AML Dialogue Starts Now
Opening an account for a member is one of the most important steps in detecting and preventing money laundering at your credit union. Obtaining the right information at account opening is crucial to knowing your member and understanding the future of the relationship. This session will cover the requirements of the Bank Secrecy Act (BSA) beginning with account opening. It will include a discussion on the required policies and procedures the credit union must ensure are in place to be in compliance with the BSA. In addition, it will provide some insight on how compliance with the BSA requirements has helped to detect and prevent money laundering.
Class 4: November 2, 2016 - 2:00-3:00 p.m. CT
Maximizing 314(b) Information Sharing
It is common for credit union collectors to share information with other collectors in the hopes that they can recover credit union funds. If your credit union isn't registering with FINCEN on an annual basis you might be at risk. This session discusses reasons your credit union should be registering with FinCEN, the procedure to do so, shared branching implications and more.
Class 5: November 9, 2016 - 2:00-3:00 p.m. CT
Watching the Watchdog: Lessons Learned on Internal Controls
Employee fraud and dishonesty does not discriminate. Credit unions must approach risk and internal controls from every angle regardless of their size, number of employees or operational complexity. Unfortunately, embezzlement schemes last longer and result in more severe losses than most other risks. During this session, you'll go through common credit union loss scenarios, identify key warning signs to look for, and learn which checks and balances should be implemented to hold individuals accountable for their actions and limit the potential impact of employee dishonesty.
BSA CORE - Introduction to BSACS - The BSA Compliance Specialist Designation
Valerie Moss & Colleen Kelly
This session and subsequent examination is required if you are attending to earn your CUNA Bank Secrecy Act Compliance Specialist (BSACS) designation. Program instructors will walk through BSA topics A-Z, covering:
- Components of a BSA Compliance program
- Customer identification and member due diligence
- SARs and monitoring requirements
- OFAC compliance
- Recordkeeping requirements
- Responding to requests from government agencies
- Take a walk through the agency guidance available to credit unions
This session is the foundation for the certification exam.
BSACS Recertification Session
Valerie Moss & Colleen Kelly
Is 2016 the year you need to recertify your BSACS designation? If so, you must attend this session. The first hour will be a refresher of BSA requirements followed by a facilitated open discussion with your peers on the latest BSA developments as well as what may be coming next from FinCEN. This session will provide a solid review of the topics necessary to prepare for your BSACS Recertification Exam.
We Have A Merger, Now What? BSA Compliance Issues
The number of credit union charters nationally is shrinking, while the number of credit union members served is growing. Credit union mergers account for much of the shrinkage. If your credit union is about to absorb another, beware that you are acquiring all of its BSA sins and shortcomings, as well as its loans and delinquencies. Merger due diligence absolutely demands an early, thorough critique of your new partner's BSA compliance. Your own compliance officer belongs at the merger table, and deserves the time to evaluate what sort of compliance issues you are about to swallow. What to look for, what questions to ask, when to continue with merger and when to run away, are all part of this segment. How to foster an open-handed cooperation with a Non-Disclosure Agreement, and who to interrogate are part of this program as well.
MSBs: Too Hot to Handle
Money Service Businesses have been at the center of the BSA/AML compliance storm. While many institutions are choosing to close these accounts, others are recognizing that MSB's are worth serving. This presentation will discuss the MSB issues and help attendees understand the path for serving MSBs within the BSA framework.
This session covers:
- How to identify MSBs
- Can you have MSBs as members and keep your examiner happy?
- What special member due diligence do you need to perform?
- Periodic monitoring - what and when?
- Understanding the MSB business model
- Watching for suspicious activity
- Staff Training - what they need to know about MSBs
Cyber Security: 12 Questions Your Board Needs to Answer
There's so much buzz today about cybersecurity, cyber-breaches, cyber-attacks, cyber-assessments and cyber-threats that it's easy to get lost and hard to uncover exactly what you need to understand as a board member. All the buzz can create cyber-fatigue if you let it. This course focuses on 12 questions every credit union board member should be able to answer about their cybersecurity program. This course also provides tips on what to present to the board making it a perfect session for anyone involved with cyber security at the credit union.
This short session is designed to walk you through a comprehensive array of BSA/AML resources and tools accessible to assist in your BSA compliance program efforts including - informational, training and networking resources.