Credit unions will receive information on best practices in Bank Secrecy Act programs and avoiding pitfalls from non-compliance during an NCUA webinar, “The Bank Secrecy Act: Review and Reminders,” scheduled for June 17. This 90-minute webinar is scheduled to begin at 3 p.m. (ET). Online registration is available here.
The webinar panel — Andrew Bludorn, BSA officer with the NCUA’s Office of Examination and Insurance; Damon Frank, trial attorney with the NCUA’s Office of General Counsel; and Cathryn Martin, assistant vice president and BSA compliance officer with Tower Federal Credit Union — will cover the top five compliance concerns and discuss elements of a strong BSA/anti-money laundering program, including:
- Timely §314a searches;
- BSA training for appropriate staff; and
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