ALOHA & WELCOME
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.
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.
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.
AGENDA
|
Bank Secrecy Act Training for VOLUNTEERS
Wednesday, October 18, 2023 9:00 - 10:30 am
|
Bank Secrecy Act Training for STAFF
Wednesday, October 25, 2023 9:00 - 11:00 am
|
REGISTRATION
Registration is required to attend free sessions.
Registration deadline: October 3, 2023
Participation is limited to registered attendees only.
Registration is required to attend free sessions.
Registration deadline: October 3, 2023
Participation is limited to registered attendees only.
Sessions 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 training material.
Hawaii Credit Union League reserves the right to cancel or reschedule this session in the event of insufficient participation or for extraordinary reasons outside of its control, with as much advance notice possible to all registrants. By registering for this training session, you are consenting to be recorded and agree to the Hawaii Credit Union League’s code of conduct.
To register for a Bank Secrecy Act session, please click on the appropriate box below to register.
Hawaii Credit Union League reserves the right to cancel or reschedule this session in the event of insufficient participation or for extraordinary reasons outside of its control, with as much advance notice possible to all registrants. By registering for this training session, you are consenting to be recorded and agree to the Hawaii Credit Union League’s code of conduct.
To register for a Bank Secrecy Act session, please click on the appropriate box below to register.
SPEAKER
|
Mark Komatsu is the Chief Compliance Officer at Hawaii Law Enforcement FCU. He is an experienced professional with detailed technical functional knowledge in compliance, compliance management systems, risk, learning management systems, lending, deposit/operations/ACH, systems administration, technical writing (policies, procedures, meeting minutes), audit, accounting, management, customer service, training, project management, and bank secrecy act gained through educational/training opportunities, conducting training, and auditing/reviewing of key areas within financial services institutions. Mark has conducted compliance presentations at the state- and national-levels and taught college accounting courses at the community college level and at the graduate school level and conducted training classes on lending, compliance, and bank secrecy act for an industry educational alliance. |
CONTACT INFORMATION
Hawaii Credit Union League
Hawaii Credit Union League