Bank Secrecy Act (BSA) Conference 2024
Bank Secrecy Act (BSA) Conference 2024
Overview
Earn or renew your Bank Secrecy Act Certification with comprehensive BSA training.
Money laundering and financial crimes are on the rise, and you play a pivotal role in your credit union’s safety and compliance. Equip yourself with the skills to identify and protect your members against financial threats.
Join us November 13-15, 2024, in San Antonio, TX, at the Westin Riverwalk San Antonio or virtually.
Key concepts covered:
- Bank Secrecy Act Compliance Essentials
- BSA Risk Assessments
- Customer (Member) Identification Program (CIP/MIP)
- BSA Reporting – Currency Transaction Report (CTR)
- BSA Reporting – Suspicious Activity Report (SAR)
- Law Enforcement Requests
- Information Sharing
- Monetary Instruments and Fund Transfers
- Office of Foreign Assets Control (OFAC)
Plus! Earn your Certified Bank Secrecy Act Professional (CBSAP), good for three years, when you pass the exam(s). Already have your NCBSO or BSACS? Update your credential to the new Certified Bank Secrecy Act Professional (CBSAP) just by attending, with no exam required.
This conference is designed for:
- Credit union employees responsible for BSA, AML, risk, audit and fraud
- Credit union compliance staff
- All credit unions are welcome! Discounted pricing is available for America’s Credit Unions members.
Register now and then book your room at the Westin Riverwalk San Antonio.
Recommended Travel Dates:
- Arrive Tuesday, Nov. 12 (the Conference will begin in the morning on Wednesday, Nov. 13)
- Depart Nov. 16 (BSA Certification attendees; sessions end by 5:00 pm CT on Friday, Nov. 15)
- Depart Nov. 15 (BSA Recertification attendees; sessions end by 1:00 pm CT on Friday, Nov. 15)
Schedule
Certification Track
- Align your professional development with your credit unions’ needs and strategic objectives.
- Demonstrate an understanding of role-specific competencies essential to your BSA/AML professional development.
- Meet and familiarize yourself with America’s Credit Union staff.
- Understand the step-by-step process for certification.
- Learn effective exam preparation techniques and test-taking tips.
- Gain insights into the expectations and procedures for on-site examination.
Identify and plan your next steps in the certification process.
- Learn the history of the development of the Bank Secrecy Act: Gain insights into the historical context and evolution of the BSA, understanding its origins and development over time.
- Identify the various statutes and agencies that constitute the BSA framework, including the Bank Secrecy Act itself, the USA Patriot Act, OFAC, OCC, FinCEN, and FFIEC.
- Familiarize yourself with essential terms and acronyms commonly used in the BSA regulatory landscape, ensuring clarity and understanding.
- Uncover the broader significance of BSA/AML beyond compliance, as we explore its pivotal role in maintaining the integrity of the financial system and safeguarding national security.
- Explore the roles and functions of key regulatory agencies and industry resources involved in BSA compliance.
- Learn how to read a regulation: Develop skills in deciphering and understanding regulatory documents, enabling effective interpretation and implementation.
- Understand the requirements outlined by the FFIEC for BSA/AML compliance programs, focusing on the five pillars of compliance.
- Gain insights into the consequences of non-compliance with BSA regulations, including potential penalties and enforcement actions.
- Define risk assessment requirements and comprehend their alignment with the credit union’s unique risk profile.
- Explore various risk categories affected by factors such as size, complexity, and organizational structure, including members, non-resident aliens, attorneys, accountants, geographic locations, and accounts.
- Learn the importance of identifying specific risk categories and customizing them to the credit union’s context.
- Discuss strategies for analyzing information to better assess risks within these specific categories.
- Understand the purpose of risk assessment analysis within the broader scope of BSA compliance.
- Recognize the interconnectedness between risk assessment, internal controls, and a robust BSA compliance program.
- Learn about CIP/MIP requirements.
- Identify the required identification and verification information and its applicability.
- Comprehend the timing for member notification.
- Understand and list the required documentation for CIP/MIP procedures.
- List identification and verification record retention requirements and acceptable types of record retention.
- Gain comprehensive knowledge of BSA reporting, encompassing its significance, regulatory obligations, reporting categories, available resources, and consequences for non-compliance.
- Develop the capability to identify when to file a Currency Transaction Report (CTR), understand the information necessary for reporting, and comprehend the concepts of structuring and aggregating transactions.
- Acquire familiarity with the FinCEN BSA Electronic Filing System, enumerate data required for completing a Currency Transaction Report (CTR), explore FinCEN resources, and understand the procedures for CTR back filing.
- Comprehend CTR filing exemptions and grasp the requirements for annual reviews.
- List CTR record retention requirements.
- Understand credit unions’ filing obligations, including timing requirements, mandatory reporting thresholds, filing exceptions, and confidentiality requirements.
- Identify reportable suspicious activities and recognize associated red flags for effective detection and reporting.
- Comprehend the necessity of notification, delineate timing requirements for notification, and examine the methods employed for reporting.
- Understand the safe harbor protection from civil liability under the Bank Secrecy Act (BSA).
- Comprehend SAR documentation retention rules and protocols for responding to law enforcement requests.
- Gain insight into law enforcement inquiries generated by credit unions’ suspicious activity report (SAR) filings.
- Review the SAR safe harbor and confidentiality requirements.
- Learn how to respond to law enforcement requests for SAR supporting documentation.
- Understand how the Right to Financial Privacy Act plays a role in requests for information that go beyond the scope of the SAR filing.
- Understand what information should be incorporated into policies and procedures guiding a credit union’s response to law enforcement requests.
- Gain a high-level understanding of Section 314(a) Information Sharing requirements.
- Learn about the USA Patriots Act’s information sharing requirements.
- Understand 314(a) compliance, including search criteria, reporting to FinCEN, documentation, security, confidentiality requirements, and associated restrictions.
- Gain insight into 314(b) compliance requirements, including the Safe Harbor for information sharing, use restrictions, joint SAR filings, and security and confidentiality requirements.
- Understand the role and purpose of OFAC.
- Discuss examiner expectations and comprehend the components integral to an effective OFAC compliance program.
- Define different OFAC Lists and grasp the nuances of various sanctions programs.
- Gain insight into OFAC requirements, including prohibited transactions, blocking assets and recordkeeping requirements.
- Understand OFAC’s broad coverage of transactions and transaction parties, including its definition of property, and discuss various transactions and transaction parties.
- Define OFAC General and Specific Licenses and list relevant resources for further understanding.
Recertification Track with NASCUS
It has been a busy year for enforcement actions. This session will review recent enforcement actions against financial institutions related to BSA/AML and assess important anti-financial crime developments in 2024.
On January 1, 2021, Congress passed the Anti-Money Laundering Act and the Corporate Transparency Act. Since then, FinCEN has been working to implement both laws through the rulemaking process. This session will examine the status of those implementation efforts, discussing how much progress has been made and what more needs to be done to implement these laws.
The financial flows tied to Fentanyl trafficking are increasingly complex and challenging to detect, posing significant issues for credit unions and other financial institutions. These transactions, often obscured by third-party money laundering (3PML) schemes, play a crucial role in perpetuating the global Fentanyl crisis. This session will explore the intricate financial patterns linked to Fentanyl-related activities and their impact on credit unions, including compliance and regulatory concerns. Attendees will learn how enhancing detection capabilities and utilizing public-private partnerships can effectively address and disrupt these financial flows, contributing to a more effective SAR reporting response to the crisis.
Learning Objectives:
- Identify Key Red Flags and Typologies
Equip attendees with knowledge of the common red flags and typologies associated with Fentanyl trafficking and 3PML to improve detection and reporting. - Enhance Suspicious Activity Monitoring and Reporting Programs
Provide practical strategies to strengthen credit unions' suspicious activity monitoring systems for identifying and reporting drug-related financial transactions, with a focus on effective SAR narratives. - Leverage Public-Private Partnerships
Demonstrate how credit unions can collaborate with law enforcement and public-sector partners to improve information sharing and combat the financial flows fueling the Fentanyl crisis.
As models have become increasingly important to credit unions’ operations, the importance of constructing and validating an effective model has grown. In this session, attendees will learn the basics of what a model is and how it differs from data validation, including in-depth topics, such as how to build a risk-based model, how to maintain and defend the model, and strategies for documentation.
On May 21, 2024, the U.S. Department of Justice published a notice of proposed rulemaking announcing its intention to reschedule marijuana. This session will review the proposal, next steps, and potential hurdles for the financial services industry if the proposed rescheduling is finalized.
The session description is coming soon.
The session description is coming soon.
The session description is coming soon.
The session description is coming soon.
The session description is coming soon.
The session description is coming soon.
Examinations can be stressful, but being well-prepared can reduce that stress. This session will provide tips on preparing for an upcoming exam – from both the credit union and the examiner's perspective.
Pricing & Registration
Member
Non-Member
Bank Secrecy Act (BSA) Conference 2024: Certification (Virtual)
Bank Secrecy Act (BSA) Conference 2024: Certification (Virtual)
Bank Secrecy Act (BSA) Conference 2024: Recertification (Virtual)
Bank Secrecy Act (BSA) Conference 2024: Recertification (Virtual)
Member Discounts
All credit unions are invited to register for this event. Members receive a significant discount.
Additional discounts available to member credit unions:
- Less than $50 million in assets save 20%
- Council members save 10%
- League staff save 20%
- Multi-Attendee discount – Register 4 attendees and get the 5th free
Please include all registrations in the same order for the discount to apply
One discount can be applied per registration. If a registration qualifies for more than one discount, the highest value discount will be applied.
Plus! Earn your Certified Bank Secrecy Act Professional (CBSAP) credential or update your current NCBSO or BSACS to the new CBSAP by stating your desired certification or recertification at checkout for no additional fee!
Interested in sponsorship opportunities? Email us at sales@americascreditunions.org.
Other non-credit union attendees should contact us to confirm eligibility.
Hotel & Travel
San Antonio, TX
Join your peers at the Bank Secrecy Act (BSA) Conference in one of America’s most sought-after travel destinations. Our conference hotel, the Westin Riverwalk San Antonio, is just steps away from the historic Alamo, the iconic Riverwalk, and the bustling Pearl District, known for its trendy shops and vibrant culinary scene. It’s no surprise that ‘The Alamo City’ was recently recognized as one of Travel + Leisure’s 10 best U.S. cities!
Nestled on the famed San Antonio Riverwalk, the Westin Riverwalk San Antonio, offers urban sophistication and tranquility. You’ll love the atmosphere along the river, live music, and boutique shopping just steps away. And don’t miss world-class attractions like the Pearl District and The Alamo, only two blocks from The Westin Riverwalk.
Recommended Travel Dates
- Arrive Tuesday, November 12 (the Conference will begin in the morning on Wednesday, Nov. 13)
- Depart November 16 (BSA Certification attendees; sessions end by 5:00 p.m. CT on Friday, Nov. 15)
- Depart November 15 (BSA Recertification attendees; sessions end by 1:00 p.m. CT on Friday, Nov. 15)
Accommodations
The Westin Riverwalk, San Antonio
420 W. Market Street
San Antonio, TX 78205
Hotel reservations*: 210-224-6500
Room Rate: $259 plus taxes and hotel fees
Hotel Reservation Deadline: October 22, 2024
*Room reservations and fees are the responsibility of the registered attendee. Room rates and availability are not guaranteed. Rooms may be sold out prior to the reservation deadline, so please make your reservations early.
Attendee Info
We want everyone's event experience to be welcoming, respectful and safe. Check out our Code of Conduct for more information.
All credit unions are invited to register for this event. Members receive a significant discount.
Additional discounts available to member credit unions:
- Less than $50 million in assets save 20%
- CUNA Council members save 10%
- League staff save 20%
- Multi-Attendee discount - Register 4 attendees get the 5th free
- Please include all registrations on the same order for the discount to apply
One discount can be applied per registration. If a registration qualifies for more than one discount, the highest value discount will be applied.
Other non-credit union attendees should contact us to confirm eligibility.
In-Person Events
All cancellations must be received in writing. Please explain the cancellation briefly and submit it via email to hello@americascreditunions.org. Cancellations received more than 30 days before the event are subject to a 25% administrative fee on the order total. No refunds for cancellations received on or after 30 days before the event will be granted. Substitutions are accepted before the start of the program. Additional costs may apply. Please provide the event name, current participant name, and new participant name to hello@americascreditunions.org.
Webinars, Schools, and Online Events
All cancellations must be received in writing. Please provide a brief explanation for the cancellation and submit it via email to hello@americascreditunions.org. Cancellations received more than seven days before the event are subject to a 25% administrative fee on the order total. No refunds will be granted for cancellations received on or after seven days before the event. Substitutions are accepted before the start of the program. Additional costs may apply. Please provide the event name, current participant, and new participant name to hello@americascreditunions.org.