Both the New York Credit Union Association and the NCUA are providing Bank Secrecy Act and anti-money laundering training.
The NCUA requires BSA/AML training each year for credit union personnel, and as a benefit of Association membership, this requirement can be satisfied by participating in the 2021 Bank Secrecy Act, Anti-Money Laundering & OFAC Basics on-demand webinar. This webinar is designed for credit union staff and board members who need to complete their yearly BSA/AML training.
This session covers:
• BSA and AML regulations and reporting requirements;
• CTRs, SARs, 314(a), 314(b) and member identification programs; and
This webinar is accessible on the Association’s website. Log-in to the Association’s on-demand training is required to access the webinars. If a log-in is needed, please contact the Association’s member relations department at firstname.lastname@example.org.
Credit unions can also gain valuable information on BSA/AML compliance during a 60-minute NCUA webinar at 2 pm. on April 14.
Staff from the NCUA’s Office of Examination and Insurance will be joined by Cathryn Martin, BSA compliance officer at Tower Federal Credit Union in Laurel, Maryland, to cover topics that include:
- updates on recently issued BSA statements;
- actions for managing high-risk accounts; and
- highlights of the Anti-Money Laundering Act of 2020.
Registration for the webinar, “Bank Secrecy Act Update,” is now open. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link.