Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: CUNA-0053 Organization: Credit Union National Association (CUNA) Location: Hybrid Length: 5 days (25 hours) Dates Offered: 7/1/2022 - 6/30/2025 1/1/2019 - 6/30/2022 11/1/2015 - 10/31/2018 3/1/2012 - 10/31/2015 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Upper-Division Baccalaureate 3 banking and compliance Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to bring together Bank Secrecy Act compliance officers, state and federal examiners, industry experts and regulators for discussion, networking and education on BSA/AML compliance issues. Learning Outcomes: understand currency transaction report and suspicious activity report requirements understand Bank Secrecy Act record keeping requirements list penalties for non-compliance understand agency requirements and guidance learn about new developments in Bank Secrecy Act and anti-money laundering learn about the future of Bank Secrecy Act and ant-money laundering list the key components of a Bank Secrecy Act compliance program General Topics: The components of a BSA compliance program, including member due diligence Customer/Member Identification Program (CIP/MIP) Currency Transaction Reports (CTRs) Suspicious Activity Reports (SARs) and monitoring requirements Responding to law enforcement requests BSA recordkeeping requirements 314(a) and 314(b) Information Sharing Office of Foreign Assets Control (OFAC) compliance Penalties for non-compliance Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Case Studies Classroom Exercise Discussion Lectures Practical Exercises Methods of Assessment: Examinations Minimum Passing Score: 70% Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from Credit Union National Association (CUNA) Certified Credit Union Financial Counselor (CCUFC) (CUNA-0064) Certified Credit Union Internal Auditor (CCUIA) (CUNA-0061) Certified Credit Union Investments Professional (CCUIP) (CUNA-0063) Credit Union Business Development Professional (CUBDP) (CUNA-0058) Credit Union Business Lending Professional (CUBLP) (CUNA-0065) Credit Union Certified Marketing Executive (CUCME) (CUNA-0055) Credit Union Compliance Expert (CUCE) (CUNA-0054) Credit Union Enterprise Risk Management Expert (CUERME) (CUNA-0059) Credit Union Human Resources Compliance Professional (CUHRCP) (CUNA-0062) View All Courses Page Content