BSA Resources

NCUA 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 & Events

Download the complete brochure

Bank Secrecy Act Conference
December 3-6, 2006 • San Diego, CA
Presented by CUNA in partnership with NASCUS.

For all staff and management

• Learn BSA 101 and the components of a compliance program
• Hear the latest news from FinCEN, OFAC, and NCUA
• Find out about the top BSA compliance challenges for credit unions
• Discover how to make your BSA compliance program work for your credit union

NEW CERTIFICATION! CUNA BSA Certifications provides you the opportunity to test your BSA compliance knowledge and prepare to handle the more complex aspects of BSA compliance at your credit union. Certification is optional and available to all attendees.

Requirements of the Bank Secrecy Act Webinar
December 14, 2006 at 2:00-3:30 p.m. CT

For all staff and management

• Get a close look at the requirements of the BSA and Customer Identification Program
• Identify the potential penalties your regulator could impose on your credit union
• Learn when and how to complete a Currency Transaction Report (CTR) and Suspicious Activity Report (SAR)

NEW FEATURE! With this webinar an online exam will be included with your registration. This will ensure your credit union staff has a BSA training record and an adequate knowledge level to comply with BSA.

CUNA’s Bank Secrecy Act Compliance Guide

RegTraC Self-Study Programs:

RegTraC Level 1 – Module 2
General Operations Regulations
For non-compliance staff
Print version

Online course also available.

• Bank Bribery Act
• Right to Financial Privacy Act
• Bank Secrecy Act
• IRS Information Reporting and Withholding Requirements
• NCUA Privacy Regulation
• Office of Foreign Assets Control (OFAC)
• Electronic Signatures in Global and National Commerce Act (ESIGN)

RegTraC Level 2 – Module 2
General Operations Regulations
For compliance staff
Print or PDF version

• Bank Bribery Act
• Right to Financial Privacy Act
• Bank Secrecy Act
• IRS Information Reporting and Withholding Requirements
• NCUA Privacy Regulation
• Office of Foreign Assets Control (OFAC)
• Electronic Signatures in Global and National Commerce Act (ESIGN)

Credit Union Model Policies:
A Framework for Compliance

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.