BSA for Volunteers
Date: September 27, 2012
Time: 2:00 PM-3:30 PM CST
Webinar on Demand (train at your convenience 24/7)- $200
Credit unions are increasingly caught between stricter regulations concerning member data and increasingly broad powers of government to acquire this data. During this webinar, volunteers will learn the latest trends from FINCEN and NCUA, how to identify 'Suspicious Activity Report' and 'Currency Transaction Report' events, timetables and penalties and how to assign appropriate levels of BSA resources using a risk based analysis. At this level, this session will cover the Bank Secrecy Act so that volunteers can use this knowledge to keep their credit unions in compliance in this important area of law.
What you will learn:
> BSA purpose and applicability;
> Minimal requirements for BSA compliance;
> BSA and traps for credit unions;
> Customer/ member identification programs;
> Customer/ member due diligence;
> Situations covered by SARs;
> SAR safe harbors;
> Tips on completing a SAR;
> SAR confidentiality;
> Penalties for failing to comply with SAR requirements;
> Situations where you must file a CTR;
> CTR safe harbors;
> Tips on completing CTRs; and
> Penalties for failing to comply with CTR requirements.
This session would be helpful to anyone who must deal with Bank Secrecy Act issues regularly. With its focus on CIPs, SARs and CTRs, managers, compliance officers, auditors and anyone else involved with these functions would benefit from this seminar.
If these are questions you are asking yourself then you should listen in on this session.
> Would you like to learn the latest trends from FINCEN and NCUA?
> Do you know what situations are covered by SARs?
> Would you like tips on completing SARs and CTRs?
> How do you assign appropriate levels of BSA resources?
> Do you know the purpose and applicability of BSA?
For more information, please contact Carrie Buchholz at:
(P) 405.702.8622 ext. 215
Robert is an attorney, blogger, podcast producer and nationally-recognized speaker, and is a managing partner of the credit union and corporate & financial services groups of Weltman, Weinberg & Reis Co., L.P.A. Through his work he advises credit unions on compliance, contract negotiation and employment law, as well as a vast array of collection and legal issues. Robert is a well-known lecturer nationwide on topics such as marketing and lending compliance, director and officer liability, disaster recovery, identity theft, credit union accounts and a variety of laws impacting credit unions, such as the Bank Secrecy Act. He received his bachelor's of arts from the University of Akron and his juris doctorate from the Case Wetsern Reserve University School of Law.