August 12, 2019

This week: Compliance professionals get in-depth training at NAFCU conferences

MinneapolisHundreds of compliance professionals are in Minneapolis this week for two top-rated NAFCU conferences: Regulatory Compliance School and BSA Seminar. Also this week, the NCUA is offering a webinar on liquidity and interest-rate risk, which is among its supervisory priorities this year.

NAFCU's Regulatory Compliance School is so popular the association offers it twice a year. Attendees have the opportunity to earn the prestigious title of NAFCU Certified Compliance Officer (NCCO), which earned ASAE's 2017 Power of A Gold Award for its the longevity, quality and success in equipping compliance professionals with what they need to succeed and help the industry.

Today at school, attendees will learn about federal credit union governance, field of membership regulations, NCUA supervision and examination process, share insurance requirements and lending regulations. Members of NAFCU's compliance team will lead today's sessions.

The BSA Seminar provides the latest legal and regulatory updates related to Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements. Attendees will hear directly from leading BSA authorities – from the FBI and the Financial Crimes Enforcement Network (FinCEN) – on BSA/AML trends and risks credit unions should be aware of. Attendees also have the opportunity to earn the NAFCU Certified Bank Secrecy Officer (NCBSO) designation.

During today's sessions, credit unions will hear from BSA experts on currency transaction and suspicious activity reporting requirements and related concerns, Office of Foreign Assets Control compliance, NCUA expectations for vendor management, creating a culture of BSA compliance and examination challenges.

See the school agenda and the seminar agenda. Stay tuned to NAFCU Today for conference updates, and follow on Twitter with #ComplianceSchool and #BSASeminar.

Wednesday, the NCUA is offering its webinar on liquidity and interest-rate risk. Learn more about the webinar, how to submit questions and access registration.

While Congress is in August recess, NAFCU's award-winning advocacy team continues to meet on Capitol Hill on key credit union issues. See what the association is focused on, learn more about its upcoming Congressional Caucus and access its Grassroots Action Center.