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Webinar: BSA & OFAC Training

Original Air Date: Tuesday, Mar. 16, 2021

Compliance with the Bank Secrecy Act (BSA) and the Office of Foreign Assets Control (OFAC) remains an important issue for examinations and credit union liability. A substandard 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 during a recorded webinar with Steve Gibbs, CUCE, BSACS. Gibbs covers all the basic information on BSA and OFAC.

Members will have the option to purchase the recorded webinar throughout 2021. Link will be sent within 48 hours of registration along with PowerPoint slides, exam, and a sign-in sheet.

Topics Covered

  • BSA Compliance Requirements and Hot Spots 
  • OFAC Compliance Requirements 
  • Anti-Money Laundering Issues 
  • Specially Designated Nationals and Blocked Persons 
  • Member Identification Program 
  • Currency Transaction Report Requirements
  • Suspicious Activity Report Requirements

Presenter - Steve Gibbs, CUCE, BSACS

Steve GibbsGibbs manages Risk Management & Compliance Services with Cornerstone Resources. His career of over 35 years in the financial industry includes service with three regulatory agencies. Previously, he served the Texas Credit Union League as director of the Southwest CUNA Management School, director of Information Central, and lobbyist/legislative analyst. Gibbs has conducted training for the financial industry, as well as for trade and regulatory groups throughout the U.S. and in Puerto Rico. Additionally, he has written numerous articles on risk management and compliance for credit union industry publications. Gibbs holds the Credit Union National Association’s Credit Union Compliance Expert (CUCE) and Bank Secrecy Act Compliance Specialist (BSACS) certifications.

Cost

$70 per link for member credit unions

Questions?

Call 800-442-5762 ext. 6630 or email us.