- MEMBER ENGAGEMENT
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The Bank Secrecy Act (BSA) Virtual Workshop is designed to provide those in credit unions that handle the day-to-day aspects of BSA with up-to-date information important to their jobs while fulfilling the training requirement under the regulation.
LSCU has partnered with two credit unions leagues in the U.S. to provide a Virtual BSA Workshop on May 4 and 5.
This half day session will cover the basics of BSA and is designed to meet the mandatory BSA training requirement under the regulation. Including BSA requirements for specific job functions such as tellers, member service and lenders.
*Times are based on EST
|9:00 a.m. - 9:15 a.m.||Welcome|
|9:15 a.m. - 10:15 a.m.||What Makes Up a BSA Program: The 5 Pillars
|10:15 a.m. - 10:20 a.m.||Break|
|10:20 a.m. - 11:20 a.m.||CTRs and SARs
|11:20 a.m. - 11:25 a.m.||Break|
|11:20 a.m. - 12:25 p.m.||Your Job and BSA: AML, OFAC, and other Suspicious Activity
In this full day session BSA Officers, those responsible for BSA, including those that work in an area that is responsible for BSA will learn how to create an effective BSA Program, why information sharing is important, if and when you should file a SAR. You will hear from BSA experts on what expectations are and what resources are available to help keep you and your BSA Program up to date.
*Times are based on EST
|9:00 a.m. - 9:15 a.m.||Welcome|
|9:15 a.m. - 10:00 a.m.||How to Build an Effective BSA Program
|10:00 a.m. - 10:55 a.m.||To SAR or Not to SAR: That is the Question
That is the question indeed. We have all been there, you look at a suspicious set of facts over and over again and you cannot decide if it rises to the level of a SAR. Your credit union needs to have an effective process of identification, evaluation and reporting of suspicious activities and we are under more scrutiny than ever. But once you get past the enumerated events which require a filing, you enter a vast wasteland of possibilities. This session will review the primary components of the SAR decision, while also uncovering the hidden landmines with real world experience, regulatory examinations and FINCEN guidance.
|10:55 a.m. - 11:00 a.m.||Break|
|11:00 a.m. - 11:45 a.m.||Recent FinCEN Guidance
No Bank Secrecy Act professional can be successful unless they fully understand, appreciate and keep up to date with the guidance provided by the Financial Crimes Enforcement Network (FinCEN). From Advisories to Notices and Bulletins to Manuals, the FinCEN website is filled with the insight needed to do your job effectively. This session will highlight recent FinCEN guidance, best practices and uncover the resources necessary to keep your credit union‘s BSA/AML program fully compliant.
|11:45 a.m. - 12:30 p.m.||Lunch Break|
|12:30 p.m. - 1:00 p.m.||314B Information Sharing and Why it is Important to Your Credit Union
|1:00 p.m. - 1:45 p.m.||How to Build a BSA Risk Assessment
|1:45 p.m. - 1:50 p.m.||Break|
|1:50 p.m. - 2:30 p.m.||OFAC Update
Day One: $79/person
Day Two: $149/person
Both Days: $199/person
All cancellations must be submitted in writing and received by 5:00pm on Tuesday, April 27. No refunds will be issued after this time. Substitutions are always welcome. Please submit cancellations and substitutions to firstname.lastname@example.org.
SAS credit unions ($50 million in assets or less) may apply a portion of their $500 SAS CU Initiative Account to the registration fee for this event or any LSCU or League Service Corporation product and/or service. As LSCU bills your credit union for the events/services used, your credit union can simply write on the invoice that it is to be paid out of your LSCU Small Credit Union Initiative Account. The League’s accounting staff will keep track of the expenditures from your account.
The League of Southeastern Credit Unions (LSCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits will be granted based on a 50-minute hour.
VP Compliance Training and Information, LSCU
Bill has been with the Florida Credit Union League (now the League of Southeastern Credit Unions- LSCU) since 1988. He is currently the longest tenured employee working for the LSCU. Before that, he worked for the Jacksonville Branch of the Federal Reserve Bank of Atlanta for 11 years after graduating from FSU with undergraduate degree with a double major in Finance and Real Estate in 1975 and MBA with a Finance concentration in 1977.
VP Compliance and Regulatory Service, LSCU
Laura Gober has worked in credit unions for over 20 years. Prior to coming to the LSCU, she worked 16 years for a $2.1 Billion credit union as the VP of ERM, which included compliance, audit, fraud, information security, and BSA.
She now manages the LSCU Shared Compliance Consulting Program and the Compliance and Regulatory Services Department.
Compliance Consultant, LSCU
Sharon Murphy has worked in Compliance for over 18 years and in credit unions for over 25 years. Sharon has multiple certifications including Credit Union Compliance Expert; Certified Internal Auditor; Certified Fraud Examiner and Credit Union Enterprise Risk Management Expert.
She is currently one of LSCU’s Compliance Consultants with client credit unions in Georgia and Florida.
Manager Regulatory Advocacy, LSCU
David Pace graduated from Georgia State University with Magna Cum Laude honors. He worked for the Nebraska Department of Banking and Finance as a Fintech examiner and interned for Associated Credit Union in the Compliance and ERM areas before joining LSCU as the Manager Regulatory Advocacy.
Partner, Reed & Jolly, PLLC
Attorney, author, consultant and nationally recognized speaker, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC and founder of CUDoctor, a full-service credit union consulting practice. Through Reed & Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including the establishment and revision of credit union policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. He offers facilitation services and a full range of on-site training programs that can be delivered to the Board, executive team, managers or frontline staff.
A former trial attorney and Vice President and General Counsel of a large credit union, Mr. Reed is particularly noted as an expert in the areas of credit union operations, bankruptcy and collections. He has been selected to train NCUA Field Examination and Audit Staff on numerous issues including ID Theft Red Flags, S.A.F.E. Act, Third Party Contract Management and Bankruptcy matters.
Mr. Reed received his undergraduate degree from Virginia Tech in 1986 and his Juris Doctorate from George Mason University School of Law in 1989. He is a Certified Compliance Officer. He resides in Fairfax, Virginia with his wife Diane and their twin daughters.
Compliance Consultant, LSCU
Tony Roberts graduated from the University of South Alabama. He has worked in the insurance industry as well as in compliance and risk management for credit unions.
He is currently one of LSCU’s Compliance Consultants with client credit unions in Florida, Georgia and Alabama.
Sanctions Compliance Officer, U.S. Department of the Treasury
Andrew is the Sanctions Compliance Officer at the U.S. Department of the Treasury. He worked in various positions from a Legislative Intern for the Parliament of the Republic of Macedonia to Center on the United States and Europe Research and Events Intern at The Brookings Institution while obtaining his Bachelor of Arts in History and Economics from Covenant College and his Master of Arts from The Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) in 2019.
Compliance Coordinator, LSCU
Kela Wingard works as the Compliance Coordinator with Compliance & Regulatory Services for LSCU and has been with the league for six years. Kela is responsible for the weekly Compliance eNewsletter and answers compliance questions that come in from credit unions, as well as managing the InfoSight website that affiliated credit unions use as a resource to learn their compliance obligations at the federal and state level.
Prior to working at the LSCU, Kela worked in the banking industry for approximately 20 years, where she was responsible for managing operations at the branch level.