Webinar: BSA & OFAC Training
Original Air Date: March 14, 2025
Compliance with the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) remains an important issue concerning examinations and credit union liability. A substandard BSA / OFAC compliance program may expose your credit union to unwanted regulatory scrutiny and extensive penalties. You, your staff and volunteers will be able to learn about BSA / OFAC compliance in role-specific webinars with Monica Villines, CRCM, CUCE, BSACS.
All of the basic information pertaining to BSA & OFAC will be covered. There are two separate trainings for staff and volunteers. Upon request, the League will issue a certificate of attendance listing those from your credit union who watch the training session to retain in your files for documentation.
Topics Covered
- Bank Secrecy Act (BSA) Compliance Requirements
- Office of Foreign Assets Control (OFAC) Compliance Requirements
- Anti-Money Laundering (AML) Issues
- Specially Designated Nationals and Blocked Persons (SDN List)
- Customer Identification Program (CIP)
- Customer Due Diligence (CDD)
- Currency Transaction Report (CTR) Requirements
- Suspicious Activity Report (SAR) Requirements
Presenter - Monica Villines, CRCM, CUCE, BSACS
Monica Villines is the AVP of Risk Management and Compliance Consulting with Cornerstone Resources. This department works with
credit unions to develop and maintain compliance programs. These services include the monitoring and analyzing of credit union risk areas to ensure compliance with Federal and State laws, development of policies and procedures, new product consulting,
training, and specialized risk assessments. Her professional background includes over 20 years of financial industry experience including working with banks and credit unions with assets ranging from $3 million to over $1 billion. Monica currently
holds Certified Regulatory Compliance Manager designation with ABA, Credit Union Compliance Expert, and Bank Secrecy Act Compliance Specialist designations with America's Credit Unions. Monica graduated from the University of Arkansas Little Rock with a Bachelor of
Business Administration with a double major in Finance and Marketing.
Educational Investment
Registration for this event is complimentary for Cornerstone League member credit unions.
Questions?
Call 800-442-5762 ext. 6630 or email us.