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Compliance Hotline: (844) 731-6072
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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 (OSCUI)—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:
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 email@example.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.
CONFERENCE CALL: CHANGES TO REG Z
updated 05/23/16 03:02 PM
OT Rules, Deposit Recon. Practices
Credit union professionals can join a conference call briefing on May 25 by the Consumer Financial Protection Bureau (CFPB) regarding changes to Regulation Z implementing the Helping Expand Lending Practices in Rural Communities Act (HELP Rural Communities Act) contained in the Fixing America’s Surface Transportation Act (Public Law 114-94).
FINCEN PUBLISHES FINAL CDD RULES
updated 05/17/16 08:02 AM
TILA-RESPA Citations Resources
The Financial Crimes Enforcement Network (FinCEN) has issued final rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for banks and credit unions, brokers or dealers in securities, mutual funds, and futures commission merchants.