Release Date: August 22, 2019
Duration: 120 minutes
Is your credit union’s Bank Secrecy Act compliance program as complete, comprehensive, and effective as it could be?
Bank Secrecy Act officers need a thorough understanding of BSA and its reporting requirements to set up the policies, procedures, and processes that help stop money laundering. At this informative program, credit union compliance expert Mary-Lou Heighes will help BSA officers examine in detail each BSA report and its reporting requirements. She will also discuss guidelines for building an ongoing BSA monitoring system.
You’ll learn about:
- Money laundering, BSA, USA PATRIOT Act, and OFAC
- BSA program elements
- Internal procedures and controls
- Role of the BSA officer
- Currency Transaction Report
- Suspicious Activity Report
- Customer Identification program and Customer Due Diligence (including the new Beneficial Ownership form for business accounts)
- Consequences of noncompliance
- Risk and duties of credit unions
Be prepared when your examiners ask for proof of your BSA Officer training! You may choose to take our online review quiz on your BSA knowledge and receive a certificate of successful completion.
MEET THE PRESENTER
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has been helping financial institutions with the development of compliance programs since 2000. She provides compliance training nationwide for various trade associations and financial institutions and also speaks at numerous financial institution conferences. Mary-Lou has been an instructor at regulatory compliance schools and conducts dozens of webinars for organizations throughout the country.