> BSA Training for Frontline Staff

Thursday, November 14, 2013
9:30 AM (GMT-05:00) Eastern Time (US & Canada)
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.

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, 4) 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 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

Time: 9:30 a.m. – 11:30 p.m.

Cost: $69.00 per person

To register and pay by check, send an email to Mary Zelinsky at mzelinsky@njcul.org and your credit union will be invoiced. To register and pay online, click here.