Risk Management and BSA for Credit Union Directors and Executives

Broadcast Live on Wednesday, October 5, 2011 • 2:00 p.m. - 3:30 p.m. EDT 

On-Demand Webcast Available until March 5, 2012 

Presented by Anthony Demangone, NAFCU Senior Vice President/Chief Operating Officer, and formerly Vice President of Regulatory Compliance

Designed for Board Members, Supervisory Committee Members, Senior staff or Executives who may be new to or unfamiliar with risk management and the Bank Secrecy Act  (Not designed for BSA officers or those who are familiar with BSA and risk management requirements)

Make sure your board and supervisory committee get their annual BSA training before the end of 2011!

Managing BSA compliance as a credit union board is just another form of risk management. All too often, BSA training programs focus on the technical aspects of compliance, without properly discussing risk management. This webcast, based on a heavily attended session at NAFCU’s 2011 Annual Conference, weaves risk management and BSA compliance together. Board members and supervisory committee members who watch this webcast will gain a foundational understanding of risk management, which will help them better understand their role in managing the credit union’s BSA program. Those who purchase the webcast will have the option to purchase a CD of the live broadcast to use for board and supervisory committee training sessions. Viewing the webcast can help credit unions comply with NCUA training requirements regarding the Bank Secrecy Act.

Demangone’s presentation will first address risk management:

• What are NCUA expectations regarding risk management?
• What are the seven major types of risk that NCUA examiners focus upon?
• How do credit union officials manage risk?

Regarding the Bank Secrecy Act, Demangone will cover the following:

• What is money laundering, and why do criminals attempt it?
• Important concepts of the Bank Secrecy Act regulatory system.
• What are the goals of the BSA regulatory system? (Once you know what regulators are after, other things start to make sense.)
• What about the Office of Foreign Assets Control (OFAC)?
• What are the credit union’s responsibilities for managing BSA risks?
• What is a board’s ultimate responsibility?

NAFCU webcasts include the following features:

• Interactive format that allows questions and answers.
• Credit unions have six months of access to the on-demand version following the live broadcast.
• There’s no additional charge to view this if your credit union purchased a 2011 webcast subscription.  To purchase NAFCU's 2012 Unlimited Webcast Subscription Package, visit this site for additional details.  (www.nafcu.org/webcastsubscription)
  

Speaker  

Anthony W. Demangone, Esq. NCCO
Senior Vice President/Chief Operating Officer
NAFCU

Before joining NAFCU, Mr. Demangone’s practice focused on helping clients comply with federal and state regulations in the areas of Occupational Safety and Health, Employment Law, Environmental Law, and alcoholic beverage law. Demangone led NAFCU's Regulatory Compliance department, first as a director and then as vice president before he was promoted to the executive team. He is a graduate of the George Mason University School of Law and the Pennsylvania State University. He is a member of the Virginia Bar. Most importantly, Mr. Demangone is a member of Wright Patman Congressional Federal Credit Union, where he spent five years working as part of its Member Services Department.
  

Credit Union staff that will benefit from this webcast include:

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 6 months after the live broadcast and are included in the registration fee.

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