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Hawaii Credit Union League
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    • Bank Secrecy Compliance Workshop
    • Advanced Deposit/Share Accounts Issues Workshop
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      • Webinar Series and Save
  • Children's Miracle Network
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  • Site Map
  • Advocacy & Compliance
    • The Compliance Source Newsletter
    • Advocacy
    • Credit Union Compliance Management System
    • InfoSight
    • Ask-a-Lawyer
  • Solutions Directory
    • HCUL Business Partners
    • CUNA Strategic Services
  • Member Resources
    • Classifieds
    • Credit Union Difference Videos
    • CUAnalyzer
    • InfoSight
    • Advancing Communities
    • Publications
  • Professional Development
    • Bank Secrecy Compliance Workshop
    • Advanced Deposit/Share Accounts Issues Workshop
    • Fundamental Duties of a Credit Union Board Member Workshop
    • Operations Compliance Seminar
    • IRA Essentials & Advanced IRA Seminar
    • Annual Convention >
      • 2023 Annual Convention
      • Vendor Opportunities
    • Calendar
    • CUNA Events & Training
    • Financial Assistance
    • Staff Training
    • Volunteer Training
    • Webinars >
      • Webinar Series and Save
  • Children's Miracle Network
    • Marketing Playbook
  • Contact Us
  • Site Map
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ALOHA & WELCOME
​Payment required by VISA, MasterCard, or American Express for online registration.
In 1970, Congress passed the Currency and Foreign Transactions Reporting Act commonly known as the “Bank Secrecy Act” (BSA), establishing recordkeeping and reporting requirements for financial institutions. BSA is intended to safeguard the U.S. financial system from the abuses of financial crime, including money laundering, terrorist financing and other illicit financial transactions.  All credit unions must comply with the BSA regulations.  NCUA will review BSA compliance at each examination of a federally insured credit union.

Join us to understand the importance of BSA regulatory requirements, ramifications of noncompliance, and potential risks posed to the credit union. Learn what can happen if the credit union does not comply with BSA, the U.S. PATRIOT Act, and the Office of Foreign Assets Control. 

AGENDA
​8:30 - 9:15am​


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9:30 - 10:15 am

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10:30 - 11:15  am

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11:30 - 12:15 pm



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12:15 - 1:30 pm

1:30 - 2:15 pm





2:15 - 3:00 pm
Bank Secrecy Act Overview
  • Anti-Money Laundering Act 1970
  • Money laundering
  • Member due diligence & beneficial ownership
  • OFAC
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​USA Patriot Act
  • Guidance through specialized rules
  • Gramm Leach Bliley Act

Bank Secrecy Act & Anti-Money Laundering Hot Topics
  • BSA enforcement statement
  • Responsibilities under the five pillars of BSA
  • SAR/CTR reporting and exemptions
  • Politically exposed persons​
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Bank Secrecy Act & Anti-Money Laundering Hot Topics (Continuation)
  • Anti-Money Laundering Act of 2020
  • FinCEN instructions for Russian/Ukraine
  • Review red flags for hot-button, high-risk activities, including ACH fraud, elder financial exploitation, human trafficking, marijuana-related businesses, and virtual currency

​Lunch

​Bank Secrecy Act Framework
  • The Law
  • FinCEN
  • NCUA
  • Federal Law enforcement

Penalties for Non-Compliance
  • Reputational Risk
  • Imprisonment
  • Examples
REGISTRATION
Registration deadline:  May 1, 2023
Registration fee:  ​$159 per person
Participation is limited to registered attendees only.
This workshop will be presented on the Zoom Meeting platform and requires each attendee to have a computer with video, audio (speakers and microphone), and internet access.  An email will be sent to all registered attendees three days prior with links to download or print the workshop material.  By registering for this workshop, you are consenting to be recorded and agree to the Hawaii Credit Union League’s code of conduct.
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To register and pay online, click the "Register Online" button below.
To register and pay by check, click the "Print Registration Form" button below and
mail to ​Hawaii Credit Union League; 1654 South King Street; Honolulu, HI  96826-2097.
Register Online
Print Registration Form
​Cancellation and refund policy
No refunds will be made or registration forms accepted after deadline.  Cancellation and refund requests must be made in writing and emailed to wendy.kishida@hcul.org.  Hawaii Credit Union League reserves the right to cancel this workshop in the event of insufficient participation or for extraordinary reasons outside of its control, with advance notice to all registrants. Hawaii Credit Union League also reserves the right to change the site, instructor, or schedule of this program due to unforeseen circumstances, with as much advance notice possible.
SPEAKER
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Eugene Davis is the Regulatory Officer at the Hawaii Credit Union League.  He assist credit unions with regulatory compliance activities, which includes publishing the weekly InfoSight eNewsletter, conducting Bank Secrecy Act training, and researching answers to specific compliance questions.

​Prior to joining the League, Eugene worked for a financial institution as a senior specialist in electronic banking where he lead a team responsible for many functions such as debit card orders, remote deposits, and electronic disputes.
CONTACT INFORMATION

​Hawaii Credit Union League
1654 South King Street
Honolulu, HI 96826-2097
​info@hcul.org
Wendy Kishida, Education & Training Director
Email: wendy.kishida@hcul.org
Telephone: 808.203.6408
 Copyright Hawaii Credit Union League.  All Rights Reserved.
  1654 S King St  |  Honolulu, HI 96826
  Phone: (808) 941-0556 | info@hcul.org | sitemap
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