CUNA Bank Secrecy Act eSchool
Date:
October 10, 2017 To November 7, 2017
Product Code:
ES5BSA17
Speaker:
David A Reed
  • $2,590.00
    Non Member Price
  • $1,295.00
    CUNA Member Price
 
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If you were a CUNA member, you would save $1,295.00 on this order. Interested in becoming a member? Learn more at cuna.org/join

This eSchool format represents a blended delivery model designed to help enhance the user experience beyond a typical webinar format. The content in this 12-hour, self-study program is delivered via:

  • 5 live webinars
  • Pre-recorded webinars
  • Examination (required if students wants the BSACS certification)

The content in this program is optional unless the student is opting for CUNA’s BSACS certification. Click here to view the suggested learning map for navigating this program.

Those taking the certification or recertification examination will be required to schedule a testing time with an approved proctor to complete the course.

If you have further questions about the exam process, please contact training@cuna.coop or 800-356-8655 ext 4249.

In this eSchool you will:

  • Certify: Obtain your BSACS designation (optional)
  • Recertify: Get up to speed on the latest changes in AML/BSA regulation                               
  • Explore more depth in BSA subjects relevant to your credit union
  • Understand the AML threats brought by new technology

This event is produced by the CUNA Center for Professional Development and in partnership with NASCUS.

Who Should Attend

This eSchool is beneficial for new BSA Compliance Officers, seasoned BSA Officers, Compliance Officers and Executive Staff looking to understand more about BSA Compliance. It is a good alternative for those who do not have the travel budget to attend the live event.

PRE RECORDED SESSION: Available on 10/10/17
BSA CORE - Introduction to BSACS - The BSA Compliance Specialist Designation
Speakers: Val Moss & Colleen Kelly

This session and subsequent examination is required if you are attending to earn your CUNA Bank Secrecy Act Compliance Specialist designation (BSACS).

Program instructors will walk through BSA topics A-Z covering the following:

  • Components of a BSA compliance program
  • Customer identification and member due diligence
  • CTRs
  • SARs and monitoring requirements
  • Responding to requests from government agencies
  • Penalties
  • Take a walk through the agency guidance available to all credit unions.

This session is the core or foundation for the certification exam

PRE RECORDED SESSION: Available on 10/10/17
BSACS Recertification Session

Is 2017 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 you BSACS Recertification Exam.

PRE-RECORDED SESSION: Available on 10/10/2017
Elder Abuse

Speaker: Colleen Kelly, CUNA

Financial exploitation is on the rise and very often co-occurs with physical and emotional abuse and neglect. Credit unions are in a unique position to spot elder abuse, particularly elder financial abuse. The vast majority of states require certain classes of professionals to report suspected abuse and neglect. As financial institutions are being recognized as the first line of defense for financial exploitation, some states are requiring financial institutions to report signs of elder abuse. Will you know it when you see it? Will you be violating federal privacy laws if your state law requires you to report possible financial abuse? These and other issues will be discussed during this class.

Business Accounts - BSA Implications
10/10/2017 1:00pm - 2:30pm
Speaker: David Reed, Reed & Jolly

While much attention has been given to the increased risks in the business lending area, there is a storm brewing on the business accounts horizon and you need to be prepared. Gone are the days when proper account access was your only concern. The heightened Customer Due Diligence requirements combined with an increased regulatory focus on the use of business accounts in criminal activity have dramatically changed our obligations. This session will focus on the entire business account process from membership to account opening and monitoring to beneficial ownership and highlight the potential landmines of business accounts.

This session will cover:

  • Certify: Obtain your BSACS Designation (Optional)
  • Regulatory obligations and limitations for business accounts
  • Account opening considerations
  • Managing due diligence requirements
  • Identifying and tracking beneficial ownership

New Payments Technology: New Threats
10/17/2017 1:00pm - 2:30pm 
Speaker: John Curtis, WesPay

Innovations in payments systems are changing the banking world. They are also changing how criminals launder money. Understand the opportunities and pitfalls lurking in evolving payments systems.

Case Study*
10/24/2017 1:00pm - 2:30pm
Speaker: Sue Landauer, Forensic Accounting Services Group, LLC

Crazy Eddie. Perhaps the most well-known white collar criminal of our modern day when it comes to Money Laundering. Let’s dissect exactly what he did, how he did it, and what finally was his demise. Using the three stages of money laundering, we will walk though this case study to understand the red flags that should have been flying and brought his empire to an end. Join us for a fun and informative session!

Managing MSBs
10/31/2017 1:00pm - 2:30pm
Speaker: Andre Herrera & Todd Fuller - Hypur

Money Service Businesses continue to draw heightened supervisory attention. While some banks have simply der-risked MSBs, many credit unions embrace providing service to their communities. Doing so does carry some risks. This session will focus on best practices for banking MSBs.

Customer Due Diligence - Analysis of the New Rule
11/07/2017 1:00pm - 2:30pm 
Speaker: Colleen Kelly, CUNA

Anticipating the arrival of a new Customer Due Diligence rule in October 2017; this session will walk through the ruling and its’ compliance implications.

*Attendees will also recieve an e-copy of the book:
Human Trafficking Detection for Credit Unions - written by Timea Nagy

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Have a question? Email or call 800-356-8010 ext. 3.