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Speakers: Colleen Kelly and Valerie Moss
The American Council on Education's College Credit Recommendation Service has endorsed this curriculum.
CUNA BSA Compliance Specialist Certification Class curriculum encompasses crucial Bank Secrecy Act (BSA) content for students who need a comprehensive understanding of the BSA. This class is taught by experienced industry experts, Colleen Kelly, CUNA senior federal compliance counsel, and Valerie Moss CUNA, senior director of compliance analysis. It is designed for credit union professionals who need to learn the BSA, as well as, anyone interested in refreshing their foundational knowledge in this area. This three-hour class is delivered virtually, 30 days prior to the conference, allowing students time to learn at their own pace.
In addition, students have the opportunity to get recognized as an expert in the BSA field with the CUNA Bank Secrecy Act Compliance Specialist (BSACS) designation. Earn the designation by:
Designed for students taking the CUNA Bank Secrecy Act Compliance Specialist (BSACS) Certification Exam, this session is led by industry experts, Colleen Kelly, CUNA senior federal compliance counsel, and Valerie Moss CUNA, senior director of compliance analysis. During this 60-minute session, the instructors will assist students in final preparation for the exam by leading them through a focused review of key BSA content. Students will also have the opportunity to ask questions during this session.
Speakers: CUNA Staff
Passing the BSACS certification examination is one requirement of earning the BSACS designation. Students are allowed 1-hour to complete the examination. The closed-book exam is delivered online at the CUNA BSA Certification Conference, contains 40 multiple-choice questions, and requires a passing score of 70%.
CUNA BSA Compliance Specialist Recertification Class curriculum focuses on Bank Secrecy Act (BSA) beyond the fundamentals. This class is for students who already have a solid foundational understanding of the BSA and are looking for focused training on recent and upcoming changes of the BSA. This class is taught by experienced industry experts, Colleen Kelly, CUNA senior federal compliance counsel, and Valerie Moss CUNA, senior director of compliance analysis. It is designed for credit union professionals who need to prepare for BSACS recertification, as well as, anyone interested in a BSA refresher and BSA regulatory developments from 2016-2018. This 2-hour class is delivered virtually, 30 days prior to the conference, allowing students time to learn at their own pace.
Maintain the BSACS designation by:
Designed for students taking the CUNA Bank Secrecy Act Compliance Specialist (BSACS) Recertification Exam, this session is led by industry experts, Colleen Kelly, CUNA senior federal compliance counsel, and Valerie Moss CUNA, senior director of compliance analysis. During this 60-minute session, the instructors will assist students in final preparation for the exam by leading them through a solid review of the topics necessary to prepare for your BSACS Recertification Exam. Students will also have the opportunity to ask questions during this session.
Speakers: Facilitated by CUNA Staff
Passing the BSACS recertification examination every three years is one requirement of maintaining the BSACS designation. Students are allowed 30 minutes to complete the examination. The closed-book exam is delivered online, contains 25 multiple-choice questions, and requires a passing score of 70%.
Speaker: Brian Knight
The 14th Annual BSA/AML/OFAC Conference gets underway with a look back on the past year in BSA/AML/OFAC compliance and enforcement and a look forward at what is to come. This session will also set the stage for the entire conference.
Speakers: Jim Vilker
Facing the prospect of supervisory penalties for BSA/AML violations and ever-increasing compliance costs and burdens, many financial institutions continue to exit (or decline to enter) certain markets serving various individuals, entities, and other institutions. Meanwhile policy makers continue to emphasize broad accessibility to the banking system. This session will explore the tension between these realities and suggest ways credit unions may navigate these contradictions.
Speakers: John Kolhoff (Michigan Office of Credit Unions), Thomas Lawler (FinCEN), NCUA, OFAC
During this interactive session, state and federal regulators will share their perspectives on latest developments in BSA/AML/OFAC regulation and supervision. Attendees will have the opportunity to ask questions directly of the regulators.
Speakers: Darin DeFreece, Craig Money
This session will provide attendees an “on the ground” perspective from credit union BSA officers. Our practitioner panel will discuss their biggest challengers and their successes in administering their compliance programs. Panelists will also share their views on the future of BSA/AML compliance.
Speaker: John Roth
Learn all about blockchain, digital currency and AML from the Chief Compliance Officer of Bittrex, one of the largest digital currency exchanges in the US. Demystify the technology and gain an understanding of this emerging industry. In this session, in a common-sense and jargon-free presentation, John will:
Speaker: Sue Landauer
Synthetic fraud - not new, but one of the biggest threats credit unions face today. When unraveled, no true person exists, but the losses than can occur are staggering. We will explore multiple red flags that credit unions need to be aware of to face identity theft, including synthetic fraud and discuss what we need to have established to try to prevent this type of fraud.
Speaker: David Reed
Unfortunately, few regulatory requirements offer the same risk of liability as the Bank Secrecy Act and understanding that risk is an essential job requirement. As the infamous Yates Memorandum from the Department of Justice reveals, they will not hesitate to hold an individual BSA officer liable for corporate wrongdoing. Fortunately, there are some basic steps you can take to ensure increased BSA compliance and avoid liability. The session will discuss best practices in light of recent guidance and enforcement actions.
Speaker: Jim Stickley
In this session Stickley will discuss new ways in which criminals are targeting organizations beyond normal desktop attacks. With a shift in focus to IoT devices, this session will highlight risks that until now have been overlooked by most organizations. As usual, Stickley with demonstrate real world examples, showing how everyday products in your home and office are providing criminals new opportunities to compromise not only IoT devices but also employee PC's as well. Attendees of this session will see the future of hacking before it makes main stream media and learn important information to help protect against these coming attacks.
So, you've mastered the Bank Secrecy Act basics, memorized all of the acronyms from FFIEC to FinCEN to OFAC and completed your annual staff training requirements. You are even reasonably comfortable your staff correctly processes Currency Transaction Reports and notifies you of suspicious behavior during “routine” member transactions. But how comfortable are you with the transactions that occur outside of the main stream of your processes? Remember that your BSA program is only as strong as your weakest link and if your program does not cover every access point by every member (and some non-members) you are at risk!
Speaker: Rachel Pross
More than half of the United States has legal cannabis in some form (medical and/or adult-use), and the conflict with Federal law creates unique banking challenges. For example, how can a credit union offer services to a marijuana dispensary if processing deposits for that dispensary could be viewed as federal money laundering? If your credit union does not offer banking to the marijuana industry, how do you handle members who are employed by marijuana businesses? Whether or not your state has passed legalization, the challenges, risks, regulations, and guidelines for robust BSA and anti-money laundering compliance are important for all credit unions and BSA officers to understand. Even in states where cannabis is illegal, there is a decent chance that you still have cannabis-related activity running through your own credit union. In this session, hear from Rachel Pross, Chief Risk Officer of Maps Credit Union, who oversees one of the largest transparent cannabis banking programs in the nation. Rachel's expansive operational and regulatory knowledge, combined with her experience communicating and collaborating with government, is highly sought after by many groups ranging from law enforcement agencies across the country, to the credit union industry, to members of Congress.
Speaker: Glen Sarvady
Constantly evolving technology solutions- offered by banks and nonbanks alike - have altered customer expectations on how they make payments and manage their financial lives. These changes create both opportunities and challenges for credit unions, and will likely render some current regulations obsolete or at least problematic. BSA/AML professionals will need to understand these changing trends in order to successfully adopt their AML programs to evolving member behavior.
Glen Sarvady will share insights on trends in consumer and small business behavior, look at some of the companies that are helping to re-shape the landscape, and consider the implications for CU visibility and reporting. We'll also explore the trend toward "open banking"- which was formally implemented in the European Union (EU) this May - and the prospects of a similar model taking hold in the US.
Speaker: Emily Borowski, Sara Crowe, Colleen Kelly
Human trafficking is a $150 billion industry; how can you fight to prevent and disrupt this industry from the confines of your desk? Join this session as industry experts, Emily Borowksi, SF Fire Credit Union compliance manager, Sara Crowe a special guest from Polaris, a leader in the global fight to eradicate modern slavery, and Colleen Kelly, CUNA sr federal compliance counsel, guide you in this eye-opening session on how to better understand the business models of modern Human Trafficking.
Speaker: Susan Landauer
Join us in this session for a true detective like scenario - money laundering may be occurring - but would we catch it? Let's assess a risk assessment and determine weaknesses and areas of improvements that all credit unions need to have in place. And let's make sure that we have the proper systems in place at your credit union!
This session includes a pre-work reading assignment. Students will receive access instructions two-weeks prior to the event.
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