Bank Secrecy Act Errors and Exceptions: How Does Your Credit Union Compare?
The Bank Secrecy Act (BSA) is one of the most crucial pieces of U.S. financial legislation. Compliance with it is critical to ensure that credit unions do their part and report money laundering. If mistakes are made, the credit union can take a financial hit.
Join this complimentary webinar to gain insight on what your credit union can do to keep your BSA errors to a minimum.
Gain Insight On . . .
Elements of an effective BSA/AML/OFAC compliance program
Recent compliance findings including:
Inadequate BSA/AML/OFAC risk assessment and internal controls
Non-performance of BSA/AML software validation
Incomplete SAR narratives and late filings
Incomplete CDD information and lack of monitoring
OFAC scans and parties/transactions not included
Recently-issued NCUA Document of Resolution and Findings related to BSA/AML compliance
Tracking and monitoring of findings and corrective actions
Ways to avoid repeat findings
Understanding the importance of an effective BSA/AML/OFAC compliance program
Learn what to do to avoid BSA errors
Gain knowledge on corrective actions to take if BSA errors are found
Who Should Attend
CEOs, CFOs, CROs, Internal Auditors
Earn 1 credit of specialized knowledge CPE through a group-online delivery method. No prerequisites or advanced planning for this basic-course level.
To inquiry about complaint and program cancellation policies, please contact our office at 248.244.3000. Due to this program being offered free of charge, there will be no refunds issued.
CPActivity, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
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