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NCUA Hosting Bank Secrecy Act Webinar


​Register to Learn More about Compliance and Earn a Training Certificate

ALEXANDRIA, Va. (Feb. 27, 2014) – Credit union managers and compliance staff will be able to learn more about Bank Secrecy Act compliance on a free webinar, “BSA-MSB Training: What You Need to Know,” hosted by the National Credit Union Administration on Wednesday, March 19, 2014, at 2 p.m. Eastern. 
 
The importance of Bank Secrecy Act compliance cannot be overstated. An insufficient BSA compliance program may expose a credit union to reputation risk, such as manipulation by unscrupulous money launderers, undermine the integrity of the financial system or even threaten national security.
 
Diane Rector, Training Manager and Economic Development Specialist Supervisor with NCUA’s Office of Small Credit Union Initiatives, will host Jane Pannier, Esq., Senior Vice President and In-House Counsel for Neighbor Bench, LLC, and Judy Graham, Program Officer with NCUA’s Office of Examination and Insurance. The panel will cover key areas of concern for a well-developed BSA program, including:
 
  • Critical elements of a BSA program
  • Money Service Businesses
  • Common BSA violations
  • Reporting requirements
A certificate of training will be given to attendees who successfully complete the test offered at the end of the webinar. This webinar will be archived and closed-captioned approximately two to three weeks following the live event at http://www.ncua.gov/News/Videos/Pages/default.aspx.
 
Registration for this free webinar is now open. Click here to register. Participants will also use this link to log into the webinar. Registrants should allow pop-ups from this website.
 
Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read, “BSA-MSB Webinar.” Participants with technical questions about accessing the webinar may email audience.support@on24.com.
 
NCUA’s OSCUI fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions and credit unions with a low-income designation.
 

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 97 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..

--NCUA--

National Credit Union Administration

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223 bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"