Bank Secrecy Act (BSA) eSchool 2025- Recertification
Bank Secrecy Act (BSA) eSchool 2025- Recertification
Overview
Recertify your designation and stay informed on the latest in BSA and AML.
Money laundering and financial crimes are rising, 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 at this on-demand eSchool.
Topics covered:
- Latest FinCEN developments
- BSA year in review
- Detecting and reporting financial flows linked to fentanyl trafficking
- Model construction & maintenance strategies
- Corporate Transparency Act (CTA)
- Growing threat of cyber-enabled check fraud
- Organizing the anti-financial crimes function
- Cannabis rescheduling
- BaaS/FinTech banking
- OFAC sanctions
- Examinations
Plus! Already have your NCBSO or BSACS certification? Update your designation to the new Certified Bank Secrecy Act Professional ™ (CBSAP) with no exams required.
For more information about our designations, check out our FAQ page.
This eSchool is designed for:
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This learning opportunity is part of the complete Training Bundle series. Subscribe to get access to this webinar or eSchool, along with over 80+ webinars & eSchools covering critical topics for you and all your staff.
Schedule
This training is housed on America’s Credit Unions Learning Management System. Training access will become available by January 31, 2025. At that time, all registered attendees will be notified by email and provided access instructions.
Speaker: Katie Ford, Associate Director – FinCEN Strategic Operations Division
The Financial Crimes Enforcement Network (FinCEN) plays a crucial role in safeguarding the financial system from illicit activity by countering money laundering and the financing of terrorism as well as promoting national security. FinCEN is both the regulator of the Bank Secrecy Act and the U.S. financial intelligence unit, which means it is responsible for collecting, analyzing, and disseminating financial intelligence. During this session, attendees will learn about FinCEN’s priorities for the upcoming year as they relate to the Corporate Transparency Act, Anti-Money Laundering/Counter-Terrorist Financing Program Rule, and other policy initiatives. Attendees will also get a unique glimpse into the role of FinCEN’s Strategic Operations Division, which is dedicated to forging partnerships with industry, international counterparts, law enforcement, and other key stakeholders to combat financial crimes, and to learn about areas in which FinCEN and credit unions can work together.
Speakers
- Jeff Orenstein, Partner, K&L Gates
- Sarah Stevenson, VP Regulatory Affairs, 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.
Speakers
- Devan Patrick, Partner, K&L Gates
- Sarah Stevenson, VP Regulatory Affairs, NASCUS
On January 1, 2021, Congress passed the Corporate Transparency Act. Since then, FinCEN has been working to implement the new law 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.
Speakers
- Bryan Hazel, Special Agent, IRS-CI
- Lauren Kohr, Strategic Engagement Advisor, IRS-CI
- Michael Netherland, Intelligence Research Specialist, FinCEN
- Luis Reyna, Special Agent, IRS-CI
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.
Speaker: Stephanie Painter, Risk Management AVP, DuPont Community Credit Union
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.
Panel
- Andrew Bludorn, BSA Officer, NCUA
- Jess Pollmeier, Sr. Credit Union Examiner, Attorney, Iowa Division of Credit Unions
- Riley Bergstedt, Supervisor of Credit Unions, State of Utah, Depart. Of Financial Institutions
Moderator: Chelsea Treboniak, Owner, Critical Ops
Understanding the perspective of the regulator and understanding what they see on a regular basis is invaluable for the BSA/AML professional. During this panel discussion, the regulators will share their perspectives on BSA/AML/CFT for 2024 and beyond.
Speaker: Mike Bruno, Postal Inspector, U.S. Postal Inspection Service
The U.S. Postal Inspection Service (USPIS) will highlight the prevalent and impactful check fraud schemes that are affecting consumers, financial institutions, and law enforcement alike. While it is often viewed as a relatively unsophisticated financial crime, Bank Secrecy Act (BSA) data indicates that check fraud is exacerbated by social media and is often linked to networks engaged in multiple crime typologies. In this session, USPIS will:
- Discuss mail theft and associated violent crimes that lead to incidents of check fraud
- Highlight the utilization of social media platforms for recruitment and the sale of stolen checks
- Offer recommendations on how to identify and combat check fraud schemes
- Review effective BSA reporting and key data points that aid law enforcement with their analysis
Speakers
- Lisa Beals, Compliance Manager, Marshall Community Credit Union
- Charles Broe, VP Asset Protection, Mid-Hudson Valley FCU
Learning objectives:
- Discuss ownership of financial crime within a credit union
- Learn how other credit unions have structured their anti-financial crime function
- Learn best practices for advocating for resources
- Understand leveraging community relationships
Speaker: Lisa Pittman, Attorney, Pittman Legal
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.
Panel
- André Cotton, Assistant General Counsel, Navy Federal Credit Union
- Andrew Bludorn, BSA Officer, NCUA
- Kirsten Williamson, BSA Manager, OnPoint Community Credit Union
Moderator: Chelsea Treboniak, Owner, Critical Ops
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 perspective.
Speaker: Chelsea Treboniak, Owner, Critical Ops
Speaker: Sarah Beth Felix, CEO & Founder, Palmera Consulting
Learning objectives:
- Define fintech and BaaS banking
- Explain the differences in regulatory frameworks
- Outline the risks associated with offering BaaS
Speaker: Jeff Orenstein, Partner, K&L Gates
Learning objectives:
- Review Consent Orders in 2024
- Walk through a case study of TD Bank
- Review key takeaways
Pricing & Registration
Member
Non-Member
Bank Secrecy Act (BSA) eSchool 2025 - Recertification | On Demand
Bank Secrecy Act (BSA) eSchool 2025 - Recertification | On Demand
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 four attendees and get the 5th free
Please include all registrations in the same order for the discount to apply
Only 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.
Need help accessing member pricing? Contact 800-356-9655 or hello@americascreditunions.org.
Attendee Info
How to access
This training is housed on America’s Credit Unions Learning Management System. Training access will become available by January 31, 2025. At that time, all registered attendees will be notified by email and provided access instructions.
Our webinars and eSchools use various platforms, including Adobe Connect, Pheedloop Meet & Stream, and Zoom. All of these platforms are web conferencing technology that allows for live virtual meetings. Whether this is your first time attending a webinar or eSchool, or you simply need a refresher, review these helpful steps and frequently asked questions below.
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Cancellations
Once a purchase is completed, it is considered final. We do not offer refunds or exchanges for these products unless they are defective or not as described. Defective Products: If you receive a defective product, please contact us within 48 hours of receipt. We will arrange for a replacement or provide a refund at our discretion. Incorrect Item Received: If you receive an incorrect item, notify us within 48 hours of delivery. We will provide instructions for returning the item and issue a refund or replacement. For all questions please contact hello@americascreditunions.org.