Not Signed Up for the BSA Conference? No Problem! There’s Still Time to Register.

May 8, 2024 | ,

With Elevate 2024 just one week away, we don’t want anyone to forget about another important education and networking event happening later this month. On May 23, the League will host a Bank Secrecy Act (BSA) Conference at the Credit Union Service Center. There’s still time to secure your spot but you’ll want to register soon.

Industry expert Kristen Tatlock with Aux® will be facilitating the conference and cover the following focus areas:

  • BSA Hot Topics
    Stay abreast of the latest developments and emerging trends shaping the BSA landscape.
  • Completing SARs and CTRs – Getting It Right
    Learn the nuances of accurately completing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). Understand the critical components, reporting thresholds, the importance of strong SAR narratives, and best practices to ensure compliance while efficiently managing reporting requirements.
  • OFAC Compliance
    Navigate the complexities of Office of Foreign Assets Control (OFAC) regulations with confidence. Gain insights into effective screening processes, risk assessment methodologies, and proactive measures to mitigate sanctions-related risks.
  • Examiner Expectations and Focus
    Understand what regulators look for during BSA examinations, common areas of scrutiny, and proactive strategies to prepare your credit union for regulatory scrutiny effectively.
  • Recent Enforcement Actions – Learn from the Mistakes of Others
    Examine real-world case studies of recent enforcement actions and compliance failures. Analyze the root causes, regulatory implications, and lessons learned from these incidents, enabling you to fortify your credit union’s compliance framework and avoid similar pitfalls.
  • BSA/AML/OFAC Best Practices
    Discover proven best practices for enhancing BSA compliance and risk management. From customer due diligence to transaction monitoring, explore strategies for implementing robust controls, fostering a culture of compliance, and staying resilient in the face of evolving regulatory requirements.

The fee to attend is $239; $179 for credit unions under $50 million in assets. To register, please visit the League’s website.