Agents from the Federal Bureau of Investigation (FBI) and Financial Crimes Enforcement Network (FinCEN) were among the speakers at the National Association of Federally-Insured Credit Union’s Bank Secrecy Act (BSA) Seminar held this week in Denver, Co.
The law enforcement agents explained to attendees how they track and investigate criminals involved in money laundering schemes that concern credit unions. The seminar also featured a session explaining various BSA liability trends and the risk involved when falling out of compliance.
Additionally, the seminar featured sessions on addressing privacy concerns when reporting suspicious activity, the risks involved with serving marijuana businesses, and cybersecurity as it relates to the BSA.
Attendees at the BSA Seminar had the opportunity to earn the NAFCU Certified Bank Secrecy Officer (NCBSO) designation.
NAFCU also held a Risk Management Seminar, which was held concurrently with the BSA Seminar in Denver. The Risk Management Seminar included sessions focused on business continuity planning and crisis communication. There was also a presentation on the ins and outs of building a sustainable cybersecurity program.
Attendees at NAFCU’s Risk Management Seminar had an added opportunity to earn the NAFCU Certified Risk Manager (NCRM) designation. Allied Solutions sponsored both the BSA and Risk Management Seminars.