ALEXANDRIA, Va. (6/18/14)--The National Credit Union Administration will host an anti-money laundering webinar with the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) June 25, starting at 2 p.m. (ET). The session is the second part of the "How to Be in Compliance with OFAC and FinCEN" webinar series.
The webinar will use real-world scenarios and case studies to explore anti-money laundering compliance issues credit unions may face during daily operations. Diane Rector, training manager in NCUA's Office of Small Credit Union Initiatives, will host a panel that includes:
Rachel Nagle, senior advisor for compliance programs at OFAC;
Anthony Harris, deputy office director of FinCEN's liaison division; and
Thomas Lawler, compliance project officer with FinCEN.
Staff from the NCUA's Office of Examination and Insurance will also participate in the webinar.
The panel will provide examples of best practices that can help credit unions create a well-developed and well-implemented Bank Secrecy Act and anti-money laundering program. Participants will also be able to ask questions about their own compliance concerns.
Online registration for this free webinar is now open, and participants may submit questions in advance at WebinarQuestions@ncua.gov
, with the e-mail subject line "OFAC and FinCEN Compliance Webinar."
The first session of this webinar series was offered May 21 (News Now
April 6) and provided an overview of OFAC's and FinCEN's programs, their enforcement authorities and their relationships with other financial services regulators.
Use the resource link below for more information on the June 25 web-based session.