2023 Volunteer BSA Training [On-Demand]

Credit union volunteers are required to complete annual Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) training. CrossState Credit Union Association offers BSA training certificates of attendance to volunteers for participation in this recorded event.

While the board of directors of a credit union may not require the same degree of training as operations personnel, their training should provide board members with sufficient understanding of the credit union’s risk profile and Bank Secrecy Act (BSA) regulatory requirements. Without a general understanding of the BSA, it is more difficult for the board of directors to provide adequate oversight of the BSA/AML compliance program, including approving the written BSA/AML compliance program, establishing appropriate independence for the BSA/AML compliance function, and providing sufficient BSA/AML resources.  The board of directors and senior management should receive foundational training and be informed of changes and new developments in the BSA, including its implementing regulations, the federal agencies’ regulations, and supervisory guidance.

https://bsaaml.ffiec.gov/manual/AssessingTheBSAAMLComplianceProgram/05

For questions regarding the training, please contact Mary Zelinsky.

For questions regarding registration, please contact the CrossState Education team.

To view step-by-step registration instructions, click here.