Compliance School Day 1 (Virtual)

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Save the date

Save the dateJune 13, 20239:00 AM - 3:00 PM (EDT)

Organizer

Organizer: The Credit Union League Connecticut

Phone: +1 2032655657

Contact Person: Melissa Robinson

Email: mrobinson@culct.coop

Event Details

Join us for Compliance School (Day 1) as we cover risk, policy management, and BSA compliance. Affiliated credit unions can use promo code "FOURDAYS" when registering for all-four days to receive a bundled discount (must use the code separately each day you register for). Also, member-credit unions that register multiple attendees will receive an additional 10% discount, which h will be reflected in a modified invoice.

Agenda

9:00 AM - 11:00 AM
Risk and Policy Management
Risk and Policy Management
Melia Heimbuck
Credit Union Association of New Mexico
This session will help you understand the types of risks present in your credit union, where risk comes from today, the changing landscape of regulatory expectations surrounding risk and the best way to implement an effective risk management process. We will also take a deep-dive into policy management, a core component of risk management, including the differences between policy and procedure, how to write an effective policy, what policies are required, and why effective policies are critical ...
This session will help you understand the types of risks present in your credit union, where risk comes from today, the changing landscape of regulatory expectations surrounding risk and the best way to implement an effective risk management process. We will also take a deep-dive into policy management, a core component of risk management, including the differences between policy and procedure, how to write an effective policy, what policies are required, and why effective policies are critical in every regulatory exam.
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1:00 PM - 3:00 PM
Bank Secrecy Act (BSA) Compliance
Bank Secrecy Act (BSA) Compliance
Melia Heimbuck
Credit Union Association of New Mexico
This session will discuss each of the requirements necessary to establish a compliant BSA program. In addition to current requirements, we will explore the coming changes stemming from the Anti-Money Laundering (AML) Act of 2020, which will have a significant impact on handling BSA/AML in the future. Finally, the session will cover trending frauds and schemes to watch out for in your credit union, as well as discuss ways to avoid some of the most common violations.