Quarterly BSA Enewsletter
NAFCU's BSA Blast is a NAFCU member-only quarterly enewsletter offering coverage and analysis of credit union compliance issues and industry activity concerning the Bank Secrecy Act (BSA) and Treasury's Office of Foreign Assets Control (OFAC) regulations.
Each issue also includes a ten-question quiz with answer key on BSA and OFAC issues and regulations to help you hone your knowledge of BSA and OFAC.
The May 2020 issue is available now!
In This Issue
Updates to the FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual
A review of recent guidance added to the BSA/AML Examination Manual.
FinCEN Holds Bank Employee Personally Liable for BSA Violations
A summary of a recent enforcement action holding the former chief operational risk officer of U.S. Bank personally liable for continued BSA violations.
A summary of the multiple guidance documents FinCEN released in response to COVID-19.
ICYMI – a summary round-up of recent financial regulator activity.
Questions & Answers Forum
Are CTRs reported to the board? Does adding an authorized signer to a business account trigger beneficial ownership review?
NAFCU's BSA Quiz
Looking for archived issues? You can view archived issues of the BSA Blast online.
Not subscribed? Staff and volunteers of NAFCU member credit unions can subscribe online through their NAFCU website account.