MADISON, Wis. (6/4/12)--The CUNA Bank Secrecy Act Conference, Dec. 2-5 in Dallas, will include sessions on real-world compliance applications, according to the Credit Union National Association (CUNA).
In partnership with the National Association of State Credit Union Supervisors, the annual CUNA Bank Secrecy Act Conference brings together Bank Secrecy Act (BSA) compliance officers, state and federal examiners, industry experts and regulators for discussion, networking and education on BSA compliance issues. The annual conference covers BSA statutory and regulatory training requirements that compliance professionals must comprehend to help their credit unions meet the requirements of the complex federal BSA law.
Issues to be addressed at this year's conference include:
- Skip tracing;
- BSA implications of emerging payment systems;
- Selecting anti-money laundering automation tools; and
- BSA and business accounts.
Representatives from the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of Foreign Assets Control will provide regulatory updates.
The BSA was enacted in 1970 to help in the investigation of money laundering, tax evasion and other criminal activity. Today, compliance with the BSA helps defend against terrorism. However, new technology brings increased risk and complexity to BSA compliance, said CUNA.
Credit union professionals can earn their CUNA Bank Secrecy Act Compliance Specialist (BSACS) designation by enrolling in BSA 101 and successfully completing the proctored exams. BSACS recertification is also available.
Also, CUNA Bank Secrecy Act eSchool will be held Aug. 23-Oct. 24. For more information, use the link.