> Bank Secrecy Act Training for Frontline Staff (AM Session)

Wednesday, November 07, 2012
9:30 AM Eastern Daylight Time
11:30 AM


Who Should Attend?

Tellers, teller supervisors, member service representatives, and new account managers.

Value to be Gained: 

The NCUA requires all staff members to receive BSA training annually.  In this 2 hour session, frontline staff will be trained in what they need know to comply with BSA. On each training date, there will be an identical morning and afternoon session to allow for more employees to receive training.

Each Participant will receive a take-home quiz to test their BSA knowledge. To obtain a certificate, the participant must forward a completed quiz to the NJ Credit Union League.  Upon receiving a passing grade of 80% or better, the League will prepare and mail the BSA Certificate.  The quiz and certificate may be used to show examiners that employees obtained regular training and understand BSA requirements.

Topics and Objectives:

The NCUA has stated that Bank Secrecy Act (BSA) compliance is one of its top priorities and key focus areas in exams. In fact, BSA is one of three areas that must be included in every examination. Frequently cited violations in BSA exams are: 1) lack of independent testing of a credit union’s BSA program, 2) inadequate or inappropriate training for staff and volunteers and, 3) lack of knowledge regarding, or failure to complete Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) and, 5) the failure to identify suspicious activity.

This session will focus on:

  • When a CTR needs to completed and how to correctly complete a CTR
  • When a SAR is required and what is required to correctly complete a SAR
  • Identifying money laundering and suspicious activity
  • CIP and OFAC compliance; and
  • Customer due diligence requirements.

Note: This Roundtable Session qualifies as an “in-person” session for the
Compliance Certification Program

Locations: NJ Credit Union League "live" and via Video Conferencing at Atlantic FCU and Members 1st of NJ FCU.

NJCUL                              Atlantic FCU                       Members 1st of NJ FCU
299 Ward Street               37 Market Street                  37 West Landis Avenue
Hightstown, NJ 08520     Kenilworth, NJ 07033        Vineland, NJ 08360

Schedule: 9:30 am – 11:30 pm, lunch will be provided.

Cost: $69 per person

To register and pay by check, email mzelinsky@njcul.org and your credit union will be invoiced. To purchase and register online, click here.