Bank Secrecy Act Compliance for Experts

Live Webcast: Wednesday, June 27, 2012 • 2:00 p.m. - 3:30 p.m. EDT  

 Early Bird Deadline:  June 20, 2012

On-Demand webcast expiration date:  June 27, 2013  

Open to all credit unions, regardless of membership or charter type!

The requirements of the Bank Secrecy Act (BSA) are effective for all financial institutions and compliance is mandatory. Those responsible for BSA compliance are required to receive specialized training, as they hold a tremendous amount of responsibility to ensure their institution remain compliant with the Act. 

Failure to comply with the BSA can have serious consequences and can lead to hefty monetary penalties, cease and desist orders,  imprisonment and also the removal of individuals from the banking industry for a violation of the Anti-Money Laundering Laws. 

As the current BSA Examination Manual states “The appointment of a BSA compliance officer is not sufficient to meet the regulatory requirement if that person does not have the expertise, authority or time to satisfactorily complete the job.” 

This webcast will provide specialized and detailed training to those responsible for compliance so they have the expertise needed to fulfill their duties. 

By attending this webcast, you will walk away with:

• A detailed overview of the requirements of the BSA
• Commonly cited violations
• An overview of recent penalties for non-compliance
• Responsibilities to avoid the unique vulnerabilities shared branching poses to your credit union
• An overview of upcoming deadlines – July 1, 2012 E-filing Implementation and the March 31, 2013 New CTR & SAR Forms Submissions.
  
  

Industry Leading Speakers: 

John Misgen, CPA
Compliance Consultant
CliftonLarsonAllen LLP

John Misgen is a Senior Compliance Consultant in the financial institutions group of CliftonLarsonAllen LLP.  He spends his time performing compliance testing and providing regulatory compliance assistance to financial institutions. Misgen understands the importance of complying with consumer regulatory protection laws and tracks compliance hot topics, regulatory changes, areas of examination concentration and examination findings.  Misgen  has a proven track record of working with new clients to establish comprehensive and effective consumer compliance programs.

Misgen has been with CliftonLarsonAllen for over six years and has provided regulatory compliance assistance, including BSA/AML/OFAC testing, to financial institutions ranging from less than $5 million in assets to more than $1 billion in assets.  He assists clients in all areas of regulatory compliance, including the most complicated areas of Regulation Z and RESPA, to assist clients in improving compliance performance.

Jeffrey Pratt
Deputy Assistant Director, Financial Crimes Enforcement Network
United States Department of Treasury FinCEN

FinCEN works to better ensure industry compliance with the BSA through supporting, overseeing and working in partnership with the agencies and organizations that examine for Bank Secrecy Act compliance. The Office also tracks the performance of financial institutions experiencing significant Bank Secrecy Act compliance deficiencies. Pratt is responsible for managing these efforts and to educate financial institutions, as well as regulatory and law enforcement partners on these matters.

  Credit union staff that will benefit from this webcast include:

• BSA officers
• CEO and Presidents
• Auditors
• Board Member/Chairs and Volunteers
• Branch Officers and Managers
• Operating Officer
• Compliance/Legal/paralegal/Attorney and Risk Staff
• Employee Development/ HR and Training Staff
• OFAC Compliance Officers

NAFCU's webcasts include live streaming video and audio of the presenters along with presentation slides and downloadable handouts.  You can easily submit your questions to the presenters at any time and there is no dialing in over the phone!  The audio and video stream directly through your computer

Registration Fees

On-Demand webcasts are available for up to 12 months after the live broadcast and are included in the registration fee.

Broadcast live from NAFCU's Headquarters in Arlington, VA.