Anti-Money Laundering

Program

This program reviews the reporting requirements and identity verification requirements of the Bank Secrecy Act and the USA PATRIOT Act.  Elements of the program include:

- Money laundering steps

- Purpose of the rules

- Outline of the requirements of a BSA compliance program

- Reporting requirements and thresholds

- The new FinCEN Educational Pamphlet for members

- Reporting requirements of shared branches

- Exemptions

- Reasons to file a Suspicious Activity Report

- Monetary instrument purchases

- Wire transfers

- Identity verification

- Affect of Red Flag Guidelines on CIP

- Record retention

Attendees will also get practice completing CTRs and SARs (including SAR narratives) for a variety of situations.

Presenter

Trish Patterson, CLE, BSACS, is Vice President of Education & Information at the Tennessee Credit Union League. She is a certified Bank Secrecy Act Specialist. Her duties include developing and conducting training programs for credit union volunteers, management and staff. She also develops and provides training in several areas of regulatory compliance including lending, savings, marketing, and operations. She analyzes and communicates the impact of state and federal legislation on credit union operations and comments on proposed regulatory changes.

She writes a weekly e-mail to credit unions called League Update, which provides information on regulatory, legislative, and operational topics of interest to member credit unions. She speaks regularly at league, chapter, and credit union functions.

Trish began her career as a teller for Bank of America in Sacramento, California. From there she went to work as Loan Auditor for SAFE Credit Union in North Highlands, California, and eventually became the Senior Technical Support Specialist, streamlining and standardizing policies and procedures, implementing new and revised consumer regulations, and designing internal forms.

Trish graduated from American River College in Sacramento, attended the University of California at Davis, and graduated with a Bachelor of Science degree in Organizational Behavior from the University of San Francisco.

Dates and Locations

Agenda

Sessions are 3 hours - 9:00 a.m. to 12:00 p.m.

Educational Investment

Registration: $299 per person (for registrations received within 2 weeks of the session)

Early Bird $199 per person (for registrations received more than 2 weeks prior to the session)

CU with assets less than $5 million, FREE.

On-Demand Training in your credit union

Anti-Money Laundering can be presented privately on site at your credit union.  On Demand Training can save time, save travel costs, and can even be tailored to suit your needs.  On Demand Training allows your staff and volunteers to learn together and support each other in practicing their new skills.

On Demand Training is $1,500 per day plus expenses.  Additional partial days are $200 per hour.  For more information, contact Trish Patterson at your League at 800-572-7359, extension 138 or tpatterson@yourleague.org.

Registration Form

Attire

Business casual. Be sure to bring a sweater, as personal comfort levels vary.

Questions or Special Needs

Call your CU Information Center at 800-572-7359 or 423-899-2425, extensions 1204 or 1208. Or e-mail Cynthia Dunn at cdunn@yourleague.org or Trish Patterson at tpatterson@yourleague.org.

Cancellation

Refunds (less a $50 processing fee per person) will be granted for cancellations received in writing 10 days prior to the conference.  After that, substitutions are welcome.