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Self-Study Certificate Programs
Compensation Resources & HR Services |
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BSA ResourcesNCUA and state examiners are increasing their focus on whether credit unions are complying with all aspects of the Bank Secrecy Act (BSA) and its many regulatory requirements. At CUNA's Governmental Affairs Conference, the NCUA said that credit unions that are written up by their examiners for BSA compliance shortcomings which are not corrected within 90 days will be subject to serious enforcement actions. CPD training programs and resources will help ensure that your BSA training requirements have been met before your examiner walks in the door. Bank Secrecy Act Resources & EventsBank Secrecy Act Conference Topics include:
CUNA Bank Secrecy Act Compliance Specialist Certification
Make this your year to earn the CUNA Bank Secrecy Act Compliance Specialist Certification by attending
the Sunday BSA 101 session. There will be a Q&A session on Tuesday afternoon that will provide an opportunity
for clarification on any questions before the optional exam. Certification is optional and available to all
attendees. Upon completion of your certification, make sure to stay certified by renewing your certification
every three years.
CUNA Bank Secrecy Act eSchool Safeguard your credit union and help satisfy your statutory and regulatory training requirements. This eSchool will feature informative discussions on
BSA 101 Webinar Earn your Bank Secrecy Act Compliance Specialist (BSACS) designation through these two BSA 101 sessions. You will need to attend both the May 5 and 12 sessions to prepare for the BSACS exam. The next step is to locate a qualified proctor in your area and set your exam date. Emerging Payment Systems Issues & BSA Compliance Webinar Hear from the new International ACH Transaction Rules and how they will affect your BSA compliance program. The payments system topics to be discussed will include issues around stored value cards which is promising to be a BSA money laundering problem. CU Compliance: Bank Secrecy Act Seminar in a Box This Seminar in a Box will provide the tools to help you put together successful Bank Secrecy Act training for your staff. You’ll receive access to current Currency Transaction Report and Suspicious Activity Report forms and tips to help you train including various scenarios with correct forms to check learning. Bank Secrecy Act for Volunteers Training on Demand This Training on Demand course provides a relevant overview of BSA including the specific actions that your board must actively keep up with, such as BSA policy, risk assessment, ongoing training, and Suspicious Activity Report filings. Bank Secrecy Act for Front-Line Staff Training on Demand This Training on Demand course provides an overview of BSA, including specific actions and documentations that front-line staff must complete to comply with regulations.
RegTraC Self-Study Programs:
RegTraC Level 1 – Module 2
RegTraC Level 2 – Module 2
Credit Union Model Policies: Contains the Bank Secrecy Act policy to help you comply with legal and regulatory requirements. What is the Bank Secrecy Act?The Bank Secrecy Act (BSA), also known as The Financial Recordkeeping and Reporting of Currency and Foreign Transactions Act of 1970, was enacted to help in the investigations of money laundering, tax evasion and other criminal activity. The BSA is a combination of various statutes that require credit unions to record, retain certain records as well as report certain financial transactions to the federal government. There are many laws and regulations that make up BSA, the most recent law effecting BSA is Title III of the USA Patriot Act, passed in 2001. CPD training and resources will review the Bank Secrecy Act and guide you on how to comply with them and when reports need to be filed. |
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