Credit Union National Association has revealed the latest membership statistics for their Bank Secrecy Act Compliance Specialist (BSACS) designation. In 2015, 240 BSACS designations were awarded and 129 individuals recertified. Today, there are 1,572 active BSACS designees.
“We believe that credit unions have both a legal and professional obligation to help detect and fight money laundering, and we are committed to help them do so,” says Tracy Blaske, director of compliance education at CUNA. “It’s great to see the BSACS designation continue to grow in popularity; it signifies that more and more credit union professionals are recognizing how important the in-depth education is to their risk management efforts.”
To earn the BSACS designation, applicants must enroll in either the CUNA Bank Secrecy Act eSchool or the annual CUNA Bank Secrecy Act Conference, presented in partnership with NASCUS. In both programs, students are led through the content of the Bank Secrecy Act (BSA), the requirements it imposes on credit unions and the latest regulatory, technological and international developments in anti-money laundering (AML).
Those who wish to earn the BSACS designation are encouraged to register for next year’s CUNA Bank Secrecy Act Conference, November 13-16, 2016 in San Antonio.
For more information on the BSACS designation, visit the official website.