Sharpen your compliance skills and stay ahead of regulatory change at our four-day Compliance School. Spaced out for convenience, each day will take place from 9:30 a.m. to 2:00 p.m. Designed exclusively for affiliated credit unions, this essential training will empower your team with practical insights, expert guidance, and the latest compliance updates across key areas of operations.

Whether new to compliance or seeking a deeper understanding of the latest rules, this school is your go-to resource for strengthening your credit union's compliance posture.

Registration Details: Each ticket purchased is per person. For those choosing to attend virtually, Zoom links and materials will be sent separately from the registration confirmation ahead of each particular session. Registration is only open to affiliated credit unions of their respective league/association.

Day 1 (9:30 a.m. - 2:00 p.m.): Bank Secrecy Act (BSA) Compliance - Risk Management

This session delves into the essential components of BSA compliance, ensuring participants understand the critical aspects of maintaining a robust anti-money laundering (AML) program.

• Risk Assessment
• BSA, OFAC, FinCEN, and NCUA Roles: Understanding responsibilities
• NCUA Part 748: Reporting cyber incidents
• BSA Requirements: Written program, internal controls, independent testing, individual responsibility, and training
• Customer Information Program (CIP): Requirements under the USA PATRIOT Act
• Risk-Based Procedures: Policy/Procedure Management
• Beneficial ownership requirements
• Transaction Monitoring: Suspicious Activity
• OFAC Compliance: Regulations and responsibilities
• Board of Directors: Role and responsibilities

Day 2 (9:30 a.m. - 2:00 p.m.): All about Deposit Operations Compliance

This session covers essential regulations and best practices for deposit operations to avoid scrutiny, fines, and penalties.

• Consumer Accounts: Regulations, CDD, and documentation
• Nonprofit Organizations: Identification and documentation requirements
• Business Accounts: Entity documentation, authority, and regulatory requirements
• Trust Accounts: Compliance documentation, signing authority, deposit insurance issues, and powers of attorney
• Minor Accounts: Signature cards, access, and ownership
• Nonresident Aliens: Identification enhanced due diligence, and monitoring
• Expedited Funds Availability Act (Regulation CC): Availability schedules and disclosure requirements
• Supervisory Committee: Role and responsibilities in audits

Learn more and register about Days 3 and 4 here.

The League office is located on the 1st floor.

Disclaimer: Note: This training is for educational purposes only and should not be construed as legal advice.