The Bank Secrecy Act for Your Frontline webinar

The Bank Secrecy Act for Your Frontline webinar
Date:
06/11/2021
Time:
11:00 A.M. - 12:00 P.M. CT
Product Code:
EW061121
Speaker:
  • $219.00
    CUNA Member Price
  • Non Member Price $438.00
  • Learn how to become a member here: cuna.org/join

 
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The strength of a credit union’s Bank Secrecy Act (BSA) program begins with the credit union’s frontline staff. The tellers, member service representatives, or whatever your credit union calls them are the people who work with members most frequently and, as such, are the employees who first will deal with transactions covered under the BSA and recognize suspicious activity. This session will provide an overview of the regulatory requirements that affect frontline staff: currency transaction reporting, monetary instrument recordkeeping, properly identifying new members and detecting suspicious activity. We’ll talk about consequences when violations occur and examine a BSA case study to determine what went right and what went wrong.

Regulations/Laws covered:

  • Bank Secrecy Act
  • USA Patriot Act
  • Office of Foreign Assets Control (OFAC)

Learning objectives:

  • Understand the primary provisions of BSA and OFAC that affect frontline staff
  • Review identification requirements for new members
  • Recognize suspicious activity red flags that frontline staff may see
  • Discuss penalties for non-compliance 

This webinar is part of CUNA Frontline Compliance eSchool which starts May 7, 2021. CUNA members gain access to the entire series for $995.

Who Should Attend

This webinar is beneficial for frontline staff: tellers, customer service representatives, branch managers, call center staff, any member facing positions and compliance, risk and operations staff.

Also Available

All live event registrations include credit union access to the recorded event. You may also purchase the recorded event separately. Click here see more about purchasing the recorded event.

This webinar is available to CUNA Training Bundle users at no additional cost.

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