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CUNA Bank Secrecy Act Conference
Topics & Objectives
Please note that the Topics/Objectives listed below are subject to change.
BSA 101 (Optional, this session is recommended for those testing for their CUNA BSA Compliance Specialist Certification)
Understand the components of a BSA compliance program:
- Customer identification and member due diligence
- Monitoring CTRs and SARs
- OFAC compliance
- Recordkeeping requirements
- Handling requests from government agencies
- Penalties
Financial Crimes Enforcement Network (FinCEN) Outlook
- Understand exactly what violations regulators are finding and how often they find them
- Learn about real cases where successful prosecution followed SAR filings
- Share inside knowledge of FinCEN’s outlook on the present and future emphasis of BSA enforcement
BSA & Shared Branching
- Discover why regulators specifically mentioned shared branching
- Identify how credit unions are utilizing shared branching to improve convenience for members
- Hear from a shared branching network and understand the national rules in place to ensure
compliance with BSA
Member Monitoring & Marketing Opportunities
- Monitor your members beyond member identification programs
- Understand due diligence requirements and hear from a credit union on how they implemented
their program
- Discover how to make your program help pay for itself
The Many Pitfalls of CU Mergers
- Understand the hidden risks in a credit union merger
- Identify how to raise those issues in your own discussions and use the solutions to apply your BSA
due diligence
Building an Institution-Wide BSA Risk Assessment
- Understand what it really means to implement an institution-wide BSA risk assessment
- Take away a blueprint to apply upon returning to your credit union
ACH & Wire Issues
- Identify how ACH and wire transactions present numerous unique risks to financial institutions
- Understand exactly what the rules are when engaging in these activities
- Prepare for future changes through this dynamic session
NCUA
- Hear what the NCUA examiners will be looking for in your BSA program this year
- Use this opportunity to ask questions and receive answers from the NCUA
A-Z Technology's Role in BSA Compliance
- Learn how to work with your core processor
- Monitor transactions, transaction mapping, and transaction testing
- Discuss best practices
Make Me a Criminal
- Walk through increasingly complex fraud and money laundering schemes
- Recognize the tell-tale signs of fraud
Hot Issues for 2008—Payment Alternatives
- Understand the new trends and products and their risks from a BSA perspective
Q&A Open Session for CUNA's BSA Compliance Specialist Certification (optional)
- Use this informal session to get clarification on any questions prior to taking the CUNA BSA Compliance
Specialist Certification exam
Office of Foreign Assets Control (OFAC)
- Hear from OFAC about the breadth of compliance requirements
- Understand why institutions have flexibility under OFAC’s risk-based compliance scheme
- Take advantage of the opportunity to ask your questions directly to the regulator
Watching the Watchers: BSA & CU Employees
- Understand the risks and learn how to mitigate those risks when it comes to turning your compliance and due diligence programs inward
Open Forum With Panel of Experts
- Ask any and all questions, weigh the different perspectives, and get those final answers before heading home until next year’s annual training!
For more program content information or to request a brochure call 800-356-9655, ext. 4249, or email elearning@cuna.coop. For registration questions, call 800-356-9655, ext.4400 or e-mail reginfo@cuna.coop.
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