BSA Training for Credit Union Staff

Thursday, May 23, 2024, 2:00-3:15pm ET

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The Bank Secrecy Act (BSA) was created to deter money laundering activity. Annual training is one of the five pillars of responsibility that every credit union must meet to comply with the BSA. BSA compliance has been a supervisory area of interest for the NCUA for the past decade and will continue to be a focus of both regulators and lawmakers.

As a credit union staffer, you must have a fundamental knowledge of the various federal regulations as well as the key role they play in protecting your credit union and our country from money laundering and terrorist activity. During this BSA Training for Staff webinar, you’ll discover key components of BSA, anti-money laundering (AML) and the Office of Foreign Asset Control (OFAC).   

You’ll learn about the various tools available to identify and mitigate money laundering, have a strong foundational understanding of Currency Transaction Reports (CTR), Suspicious Activity Reporting (SAR), and your credit union’s Customer Identification Program (CIP).

In this session, you’ll also explore the 5 pillars of your credit union’s BSA Program, its Customer (Member) Due Diligence procedure, what member behavior could trigger Enhanced Due Diligence; analysis of transaction and member behavior alerts; working with your internal fraud team to investigation potential losses; how 314(a) and 314(b) reports and subpoena requests assist in identifying suspicious activity; and how to write a SAR narrative.

Key Takeaways

  • Identify changing red flags for financial exploitation
  • Locate important resources for your investigations
  • Draft eye-catching SARs


Register Now

$295 Members | $395 Nonmembers
(Additional $50 for USB)
One registration gives your entire team access to the live webinar and on-demand recording until May 23, 2025
Go to the Online Training Center to access the webinar after purchase »

Who Should Attend

  • Learn the history and importance of the Bank Secrecy Act
  • Review the basic requirements of Office of Foreign Asset Control (OFAC)
  • Develop tools to help your credit union address member identification and due diligence
  • Discuss reporting and recordkeeping

Education Credits

  • NCRMs will receive 1.0 CEUs for participating in this webinar
  • NCCOs will receive 1.0 CEUs for participating in this webinar
  • NCBSOs will receive 1.0 CEUs for participating in this webinar

Presented By

Jacqueline M. Jackson, Esq., NCCO

Director of Enterprise Risk Management & Compliance, Chartway Federal Credit Union