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The League is pleased to host a comprehensive half-day BSA update session featuring Rose Murphy of Tricorp on Thursday, March 19, at the CU Service Center in Westbrook.
Designed for BSA compliance officers and staff at all experience levels, this engaging and practical training will provide timely insights into today’s regulatory environment while reinforcing the critical role credit unions play in protecting the financial system.
A Practical and Timely Agenda
Murphy will begin with a concise overview of the Bank Secrecy Act (BSA) and its importance within the financial industry—particularly helpful for those newer to BSA compliance. From there, the session will dive into more in-depth and timely topics, including:
- Recent updates and regulatory changes, along with FinCEN’s evolving expectations
- Best practices for building and maintaining an effective BSA/AML/CFT compliance program
- Lessons learned from recent enforcement actions—and how to avoid similar pitfalls
- Emerging fraud trends and the red flags that signal suspicious activity
- Key questions BSA compliance officers and staff should be asking in their day-to-day work
The session will balance core compliance fundamentals with real-world examples, staff training tips, and interactive moments designed to keep participants engaged. As Murphy emphasizes, BSA compliance is serious work—but that doesn’t mean it can’t be informative, collaborative, and even enjoyable! After all, compliance professionals truly make a difference.
Event Details
Date: Thursday, March 19, 2026
Time: 9:00 am – 12:00 pm (Light breakfast included)
Location: CU Service Center, 2 Ledgeview Drive, Westbrook, ME
Registration Fees: $149.00; $99.00 for credit unions under $50 million in assets; $299.00 for associate members
This session offers an excellent opportunity to stay current on regulatory expectations, strengthen your compliance program, and connect with peers dedicated to safeguarding their institutions and members.