CUNA Bank Secrecy Act Conference
Topics & Objectives

Please note that the Topics/Objectives listed below are subject to change.

BSA 101 (Optional, this session is recommended for those testing for their CUNA BSA Compliance Specialist Certification)

• Understand the components of a BSA compliance program
• Customer identification and Member Due Diligence
• Monitoring CTRs and SARs
• OFAC compliance
• Recordkeeping requirements
• Handling requests from government agencies
• Penalties

Why We Comply: The Real Affects of Money Laundering

• Hear from the Arizona Attorney General’s Office on what they see happening in the money laundering arena

Financial Crimes Enforcement Network (FinCEN) Outlook

• Hear about violations that regulators are finding and how often they find them
• Learn about real cases where successful prosecution followed SAR filings
• Get FinCEN’s outlook on the present and future emphasis of BSA enforcement

Emerging Payment System Issues

• Hear about NACHA’s International ACH Transaction Rules
• Discuss the BSA issues connected to stored value cards
• Learn about other payment system issues

Money Laundering at Your Credit Union (Breakout Session)

• Learn how money laundering involves different departments at your credit union
• See how money can be successfully laundered through several departments
• Analyze what could have been done differently to spot money laundering
• Understand how to become aware of the specific money laundering red flag issues that apply to each specific

Small Credit Unions & BSA (Breakout session)

• Hear how a small credit union determines and identifies their risks
• Learn how they monitor their business accounts
• See how they identify new members that may pose high risk

Shared Branching & Your Credit Union (Breakout Session)

• Review the latest shared branching procedures and policies
• Explore OFAC compliance and suspicious activity reports

Investigating Suspicious Activity

• Understand your member’s conduct jand why it seems wrong
• Learn hjow to you investigate
• Discuss when to contact law enforcement
• Learn how to document your decision making

NCUA Update

• Hear what the NCUA examiners will be looking for in your BSA program this year
• Use this opportunity to ask questions and receive answers from the NCUA

Law Enforcement & BSA

• Discuss recent BSA case studies
• Receive helpful tips on what credit unions should be on the look out for
• Hear about new trends they are seeing in BSA-related crimes

Training Your Staff Workshop (Breakout Session)

• Discuss some of the requirements in the FinCEN and BSA/AML manual
• Review a sample credit union training program
• Discuss the challenges you’ve run into

Technology, Monitoring, Compliance & You (Breakout Session)

• Understand the pitfalls and benefits of going to electronic filing
• Review required filings

Risk Assessment Workshop (Breakout Session)

• Identify areas of BSA risk
• Learn how to classify products, services, and members
• Work on building a plan for your credit union

Q&A Open Session for CUNA's BSA Compliance Specialist Certification (optional)

• Use this informal session to get clarification on any questions prior to taking the CUNA BSA Compliance Specialist Certification exam

CUNA BSA Compliance Specialist Certification Testing (optional)

Office of Foreign Assets Control (OFAC)

• Hear from OFAC about the breadth of compliance requirements
• Understand where institutions have flexibility under OFAC’s risk based compliance scheme
• Take advantage of the opportunity to ask your questions directly to the regulator

Legal Survey

• Hear a legal review of various laws and regulations affecting the BSA world including red flags and the Right to Financial Privacy Act

Open Forum With Panel of Experts

• Hear about real world BSA issues from three credit unions: One small, medium, and large
• Hear from government agencies and a credit union consultant in the second half of the session
• Take this opportunity to ask any and all questions before heading home