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Join Us for BSA and OFAC Training by Teleconference
Monday, May 15, 2017 6:25 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. You and your staff will be able to learn about BSA/OFAC compliance in a live teleconference with Steve Gibbs.

Date: Wednesday, July 19, 2017
Time: 7:30 a.m. - 8:30 a.m. CST
Register Now!

All of the basic information pertaining to BSA and OFAC will be covered. Time will be allowed at the end of the teleconference for a question and answer session. Cornerstone will issue a certificate of attendance listing those from your credit union who attend the teleconference training session to retain in your files for documentation. Registration fee per telephone call-in line includes the live teleconference call-in one free archive call-in of the recorded session. The recorded session will be archived for 30 days from the original date.

Updated 2017 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

Who Should Attend?
Managers, supervisors, frontline staff and all credit union staff who must complete BSA and OFAC training once every year will benefit from this teleconference. Take advantage of this opportunity to gather everyone for an early morning “team training session.”

Your Presenter: Steve Gibbs, CUCE, BSACS
Steve GibbsSteve Gibbs manages Shared Compliance Resources (SCR), a division of Credit Union Resources, Inc. and the Cornerstone Credit Union League. His career of over 30 years in the financial industry includes service with the Federal Reserve Bank of Dallas, the Federal Home Loan Bank of Dallas (Office of Thrift Supervision “OTS”), and the Federal Deposit Insurance Corporation (FDIC).

Gibbs holds CUNA’s Credit Union Compliance Expert (CUCE) and Bank Secrecy Act Compliance Specialist (BSACS) certifications. He served the Texas Credit Union League as director of the Southwest CUNA Management School, director of Information Central, and a lobbyist/legislative analyst.  He has conducted training for financial industry groups including SWACHA, the Texas Credit Union Department, EPN/The Clearinghouse, and the National Association of State Credit Union Supervisors (NASCUS), as well as leagues/associations in Oklahoma, Arkansas, Louisiana, Kentucky, the Dakotas, Kansas, Nebraska, California, Mississippi, Tennessee, and Texas.

Educational Investment: Each connecting telephone line is $69. Dial-In instructions, handouts, and attendance rosters will be furnished a week prior to the meeting. Your investment includes access to the "live" teleconference call, plus one call-in to the recorded archive to be used within 30 days of the event.

For more information, please contact Felicia Daniels at 800-442-5762, ext. 8311, or 501-683-8311, or