Protect your members and your reputation: The essential role of BSA

by America's Credit Unions

Money laundering and financial crimes are on the rise, and you play a pivotal role in your credit union’s safety and compliance. Is your credit union equipped with the skills to identify and protect your members against financial threats?

Anti-Money Laundering Act

As a key component to the Bank Secrecy Act, AML ensures your credit union has the necessary tools and procedures in place to identify, report, and address suspicious activities. BSA reporting, including the Currency Transaction Report (CTR) and the Suspicious Activity Report (SAR), are a pivotal part in member safety and your credit union’s compliance.

Your credit union should confidently understand reporting significance, regulatory obligations, reporting categories, available resources, and consequences for non-compliance.

Fraud prevention

Protect your credit union’s most important asset: your members. BSA plays a critical role in ensuring member safety against identity theft, account manipulation, and more. With financial crimes on the rise, your credit union should be well-equipped to identify suspicious activity, secure sensitive data, and prevent member’s accounts from being used in illicit activity.

Does your credit union understand its filing obligations, including timing requirements, mandatory reporting thresholds, filing exceptions, and confidentiality requirements?

Annual training requirements

Uncover the broader significance of BSA/AML beyond compliance and explore its pivotal role in maintaining the integrity of the financial system and safeguarding national security.

Designed specifically for credit unions, Bank Secrecy Act (BSA) Conference, November 13-15 in San Antonio, TX is the perfect opportunity to maintain your annual BSA training requirements. This conference is designed for credit union compliance professionals responsible for BSA, AML, risk, audit, and fraud to provide the confidence and knowledge required to keep members safe and your credit union compliant.

Earn or renew your certification

Earn your Bank Secrecy Act Certification with comprehensive BSA training at Bank Secrecy Act (BSA) Conference.

Learn the history of the development of the Bank Secrecy Act and identify the various statutes and agencies that constitute the BSA framework, including the Bank Secrecy Act itself, the USA Patriot Act, OFAC, OCC, FinCEN, and FFIEC.

Key concepts covered to earn your certification:

  • Bank Secrecy Act Compliance Essentials
  • BSA Risk Assessments
  • Customer (Member) Identification Program (CIP/MIP)
  • BSA Reporting – Currency Transaction Report (CTR)
  • BSA Reporting – Suspicious Activity Report (SAR)
  • Law Enforcement Requests
  • Information Sharing
  • Monetary Instruments and Fund Transfers
  • Office of Foreign Assets Control (OFAC)

Already have your NCBSO or BSACS? Update your credential to the new Certified Bank Secrecy Act Professional (CBSAP) just by attending, with no exam required.