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New Format for BSA Training for Volunteers!

Sun, Jan 11, 2015

Columbia, Maryland

Mark your calendars for four Saturday sessions for BSA training for volunteers.

Satisfy ongoing Bank Secrecy Act (BSA) training requirements for credit union volunteers. When it comes to important compliance topics, BSA is at the top of the list.  Compliance with BSA is critical.  It is the focus of all regulators to ensure credit unions have the proper programs and tools in place to satisfy BSA compliance requirements.  Given this focus, being prepared should be a top priority for every credit union.

MD׀DC CUA is offering four (4) new BSA training sessions in 2015 for all credit union volunteers. This new format will replace individual BSA Volunteer training sessions at credit unions.

During these training sessions, credit union volunteers will:

  • Understand the importance of the BSA risk assessment
  • Discuss various emerging money laundering risks
  • Learn BSA reporting requirements, recordkeeping requirements and written program requirements
  • Learn what is required in the Customer Identification Program (CIP)
  • Understand Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs) and what staff must due to comply with reporting requirements
  • Review three stages of money laundering, and red flags
  • Understand why the BSA is important to the credit union and its regulators
  • Understand the importance of providing oversight, and assuring compliance

The 2015 volunteer BSA training sessions will be offered on four (4) Saturdays throughout the year from 9:00 AM to 12:00 noon.  Select the date that works for you. The scheduled Saturdays are:

  • February 21st
  • May 16th
  • August 22nd
  • November 21st

Along with satisfying your BSA training requirements, this is a great opportunity to network with other credit union volunteers.  See what other credit unions are doing to comply with regulatory requirements, and what tools others are using to help mitigate BSA risks.

Registration opens soon.

For more information, contact Diane Pinter, Director of Training at 443-325-0779 or dpinter@mddccua.org.