NCUA to host webinar on BSA compliance

The National Credit Union Administration is holding a webinar about credit union compliance with due diligence requirements in the Bank Secrecy Act on April 25 at 2 p.m. ET. The webinar, “BSA Compliance – Customer Due Diligence,” will address the final rule The Financial Crimes Enforcement Network in 2016 issued updating the Bank Secrecy Act’s […]

The National Credit Union Administration is holding a webinar about credit union compliance with due diligence requirements in the Bank Secrecy Act on April 25 at 2 p.m. ET. The webinar, “BSA Compliance – Customer Due Diligence,” will address the final rule The Financial Crimes Enforcement Network in 2016 issued updating the Bank Secrecy Act’s requirements for effective BSA and anti-money-laundering programs. Register here.

The webinar panel includes: Sandra Sojka, regulatory policy officer with FinCEN’s Policy Division; Janet Carruthers, fraud and risk analysis specialist with NCUA’s Office of Examination and Insurance: and Andre Lucas, the director of compliance for the Maryland and District of Columbia Credit Union Association.

  • The topics panelists will be covering include:
  • Reducing compliance and reputation risk with ongoing member due diligence;
  • Enhancing risk-based procedures by including timely and accurate SAR reporting; and
  • Improving the overall BSA and AML program with specific procedures.

Questions can be submitted in advance at WebinarQuestions@ncua.gov, and the email’s subject line should read, “BSA Compliance – Customer Due Diligence.”

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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