> Webinar: Compliance Officer Training: Will Your AML/BSA/OFAC Program Satisfy Examiner Scrutiny?

Tuesday, July 01, 2014
3:00 PM (GMT-05:00) Eastern Time (US & Canada)
4:30 PM

 

Credit Union Web Training Webinar:
Compliance Officer Training: Will Your AML/BSA/OFAC Program Satisfy Examiner Scrutiny?

With all of the excitement and resources credit unions have devoted to lending issues due to the Dodd-Frank rules, it has been far too easy to justify reducing resources in other risk areas of the credit union, including AML/BSA/OFAC. Credit unions need to be careful not to reduce emphasis in this area. This webinar will focus on those portions of AML/BSA/OFAC that examiners are bringing to management’s attention – sometimes in painful (and expensive) ways.

HIGHLIGHTS

  • The issue of customer/member due diligence and enhanced due diligence (and the current proposal)
  • Risk assessment of the credit union’s program
  • Electronic banking and the risks surrounding this area
  • The real requirements of a BSA review (not “What is the minimum we can do?”)
  • Consequences of poor resource allocation

TAKE-AWAY TOOLKIT

  • The manual will provide additional background information to use as a basis for future decision making
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

With all of the excitement and resources credit unions have devoted to lending issues due to the Dodd-Frank rules, it has been far too easy to justify reducing resources in other risk areas of the credit union, including AML/BSA/OFAC. Credit unions need to be careful not to reduce emphasis in this area. This webinar will focus on those portions of AML/BSA/OFAC that examiners are bringing to management’s attention – sometimes in painful (and expensive) ways.

WHO SHOULD ATTEND?
This informative session is designed for AML/BSA/OFAC personnel, credit union management, auditors, and others that participate in or have responsibility for these functions.

PLEASE NOTE
Webinar content is subject to copyright and intended for your individual credit union’s use only.

MEET THE PRESENTER
Bill Elliott, Young & Associates, Inc.

Continuing Education: Attendance verification for CE credits upon request

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