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Register Now for BSA and OFAC Teleconference
Friday, November 4, 2016 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 on Jan. 18 with Steve Gibbs, CUCE, BSACS.

Date: Wednesday, Jan. 18, 2017
Time: 7:30 a.m. – 8:30 a.m. CT
More information and registration.

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. The League 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 and one free archive call-in of the recorded session. The recorded session will be archived for 30 days from the original date.

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

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

YSteve Gibbsour Presenter:  Steve Gibbs, CUCE, BSACS
Steve Gibbs manages Shared Compliance Resources, a division of Credit Union Resources and the Cornerstone Credit Union League. His career of more than 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), and the Federal Deposit Insurance Corporation. Steve holds CUNA’s Credit Union Compliance Expert (CUCE) and Bank Secrecy Act Compliance Specialist (BSACS) certifications. Learn more about Steve Gibbs.

Contact 800-442-5762, ext. 8312, or 501-683-8312 or For more information regarding administrative policies, such as complaint or refund, please contact us at 800-442-5762, ext. 6630.