The USA PATRIOT Act requires credit unions to form an understanding of their members to develop risk profiles. That information is incorporated into the ongoing monitoring to identify suspicious activity. But not all members are the same, and within a larger field of membership, many credit unions have community groups, often immigrants, that have traditions and customs that affect how they conduct their finances.
In this webinar, Cultural Differences in Your Membership From a BSA Perspective, we’ll discuss how understanding the variety of cultures within your membership will help form better risk ratings, and alert management from a Bank Secrecy/Anti-Money Laundering perspective.
Key Takeaways
- Learn about one credit union’s large immigrant community and what cultural traditions may look like in account activity
- Understand how knowledge of community customs can lead to better risk rating
- Discover how items in the news may apply to knowing what good and not-so-good things are going on with your members
$295 Members | $395 Nonmembers
(Additional $50 for USB)
One registration gives your entire team access to the live webinar and on-demand recording until August 22, 2024.
Go to the Online Training Center to access the webinar after purchase »
Who Should Attend
- NCBSOs and BSA titles
- NCCOs and compliance titles
- NCRMs and risk titles
Education Credits
- NCCOs will receive 1.0 CEUs for participating in this webinar
- NCBSOs will receive 1.0 CEUs for participating in this webinar
- NCRMs will recieve 1.0 CEUs for participating in this webinar
About Our Webinars
Our webinars are streamed live from NAFCU headquarters near Washington, DC. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.
Presented By
Bank Secrecy Act & Fraud Specialist, Hiway Credit Union