BSA Compliance for Lenders


Loans are frequent tools for fraud, tax evasion, and terrorist financing. Is your credit union as fully trained as deposit account staff on how to recognize and properly respond to activities reportable under the Bank Secrecy Act (BSA)?

On Aug. 20, during the BSA Compliance for Lenders webinar you will learn the necessary procedures and reporting requirements that can protect your credit union and your members from money laundering activities and losses.

You’ll get the answers to these questions and more:

  • What types of loans are used for money laundering?
  • What “red flags” can help you detect fraud or money-laundering?
  • Must all borrowers’ names be run through your Member/Customer Identification Program (MIP/CIP) and OFAC, even guarantors and cosigners?
  • What should you do if you suspect loan fraud, identity theft, or money laundering?
  • What is the procedure for completing a Suspicious Activity Report (SAR)?

Be prepared when your examiners ask for proof of your BSA training.

Click here to register.

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