Compliance Teleconference on BSA and OFAC Training
Friday, June 15, 2018 8:30 AM

Compliance with the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) remains an important issue with regard to examinations and credit union liability. A substandard BSA/OFAC compliance program may expose your credit union to unwanted regulatory scrutiny and extensive penalties. Join us for a live teleconference concerning BSA/OFAC compliance, with facilitator Steve Gibbs.

Date: Wednesday, July 18, 2018
Time: 7:30 – 8:30 a.m. CST
Register Now

Updated 2018 Information for the teleconference will include:

  • Bank Secrecy Act (BSA) Compliance Requirements and Hot Spots
  • Office of Foreign Assets Control (OFAC) Compliance Requirements
  • Anti-Money Laundering (AML) Issues
  • Specially Designated Nationals and Blocked Persons (SDN List)
  • Member Identification Program (MIP/CIP)
  • Currency Transaction Report (CTR) Requirements
  • Suspicious Activity Report (SAR) Requirements

Get more information.

Presenter - Steve Gibbs, CUCE, BSACS
Steve GibbsSteve Gibbs manages Shared Compliance Resources, a division of Credit Union Resources, Inc. and the Cornerstone Credit Union League. His career spans more than 30 years in the financial industry, including service with the Federal Reserve Bank of Dallas, Federal Home Loan Bank of Dallas (Office of Thrift Supervision), and Federal Deposit Insurance Corporation (FDIC).

Gibbs is a Credit Union Compliance Expert (CUCE) and Bank Secrecy Act Compliance Specialist (BSACS). He served Texas Credit Union League as director of Southwest CUNA Management School, director of Information Central, and lobbyist/legislative analyst, and he has conducted training for financial industry groups including SWACHA, Texas Credit Union Department, EPN/The Clearinghouse, National Association of State Credit Union Supervisors (NASCUS), and leagues/associations around the country.

If you have questions, please contact Skeeter Brosius at 800-442-5762, ext. 8312, or 501-683-8312, or email sbrosius@cornerstoneleague.coop.