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BSA Training for Volunteers

Tue, Nov 17, 2015

Columbia, Maryland

André Lucas, Compliance Director for the MD|DC Credit Union Association, will present BSA training for Volunteers on Saturday, November 21. 

During this session, 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 do 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 role of the board in providing oversight, and assuring compliance

Agenda:
8:30 a.m. - Sign-in, networking, light breakfast
9:00 a.m. to noon - Training

Pricing:
$180 for credit unions with >$50M in assets
$90 for credit unions with <$50M in assets
$45 for credit unions with <$10M in assets

Tuition Reimbursement:  
Maryland and D.C.-based credit unions with up to $150 million in assets may be eligible for up to 75% educational reimbursement from the Credit Union Foundation of MD & DC.  

Location:

MD|DC Credit Union Association
8975 Guilford Road
Suite 190
Columbia, MD 21046