Course

Course Summary
Credit Type:
Course
ACE ID:
CUNA-0053
Organization's ID:
0053
Organization:
Credit Union National Association (CUNA)
Location:
Classroom-based
Length:
2.5 days (19 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 2 Banking and Finance or Business Administration
Description

Objective:

The course objective is to bring together Bank Secrecy Act compliance officers, state and federal examiners, industry experts and regulators for discussion, networking and education on Bank Secrecy Act compliance issues.

Learning Outcomes:

  • Understand currency transaction report and suspicious activity report requirements
  • Understand Bank Secrecy Act record keeping requirements
  • List penalties for non-compliance
  • Understand agency requirements and guidance
  • Learn about new developments in Bank Secrecy Act and anti-money laundering
  • List the key components of a Bank Secrecy Act compliance program
  • Learn about the future of Bank Secrecy Act and ant-money laundering

General Topics:

  • The year in BSA/AML/OFAC when compliance and public policy collide
  • BSA/AML: the view from the regulators - panel
  • Challenges and opportunities in AML compliance - practitioner panel
  • Identity theft red flags and BSA/AML compliance
  • Avoiding personal liability under the Bank Secrecy Act
  • Internet of things - your next security breach
  • What you may not know about human trafficking
  • BSA beyond consumer accounts
  • BSA risk assessments and application
  • Cannabis banking: boots on the ground
  • FinTech's impact on bank/customer relationships and the future of BSA/AML
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Classroom Exercise
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials