Release Date: August 24, 2020
Estimated Duration: 90 minutes
Is your Board up-to-date on their Bank Secrecy Act compliance training and responsibilities? Credit unions are on the front lines in the war against criminal and terrorist financing. Your Board of Directors and other volunteers are included in the battle, with oversight requirements to regularly review and ensure your credit union’s adherence to BSA policies, procedures, and changes.
Join credit union compliance expert Mary-Lou Heighes for this session on the nuts and bolts of the Bank Secrecy Act.
This session will cover:
- Overview of the Bank Secrecy Act and OFAC
- Board compliance responsibilities
- Basic BSA monitoring and record keeping requirements
- BSA Policy requirements
- Regulatory examination tips
- Recent enforcement actions
Who should attend:
- Board of Directors
- Supervisory Committee
- Senior Management
- Internal Audit
MEET THE PRESENTER
Mary-Lou Heighs founded Compliance Plus, Inc. to help credit unions with the always changing world of compliance. She joined the credit union movement in 1989 and has worked as a loan officer, marketer, collector as well as almost every position within credit unions. After working in credit unions, she transitioned to the Research and Information department for the California Credit Union League where she provided compliance assistance to all California and Nevada Credit unions.
As President of Compliance Plus, Inc. Mary-Lou now provides compliance training all over the country for various Leagues and credit unions nationwide.