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Start 2018 Off Right: Get Your Staff Trained in BSA and OFAC Compliance
Friday, November 10, 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.

Join us Jan. 17, 2018 for the BSA and OFAC Training, where you and your staff will learn about BSA/OFAC compliance in a live teleconference with industry expert Steve Gibbs, CUCE, BSACS. This is a great opportunity for a group training of your compliance team.

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.

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

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. Learn more here.

Who Should Attend?

CEOs, managers, supervisors, frontline staff. 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."

Choose from Two Sessions:

Date: Wednesday, Jan. 17, 2018
Time: 7:30 a.m. – 8:30 a.m. CST

Register for January Session

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

Register for July Session

Your Presenter: Steve Gibbs, CUCE, BSACS

Steve Gibbs manages Shared Compliance Resources, 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, or OTS), and the Federal Deposit Insurance Corporation.

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 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, as well as leagues/associations in Oklahoma, Arkansas, Louisiana, Kentucky, the Dakotas, Kansas, Nebraska, California, Mississippi, Tennessee, and of course his home state, Texas. In addition to speaking, Gibbs writes articles for numerous regional and national industry publications.

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