Enterprise Risk Management
Summary
Complying with rules and guidelines imposed by the Bank Secrecy Act (BSA) can be a complicated task. CU*BASE tools for monitoring transaction activity are built to last through the complexity of rule interpretations and performance of due diligence on credit union accounts. This class is designed to teach your supervisory personnel the configurations and procedural operation of CU*BASE tools used in monitoring, evaluating, and reporting on the events associated with BSA compliance.
Audience
This class is designed for key credit union leaders and managers who work with BSA-related transactions and accounts.
Objectives
- By the completion of this course, participants will have:
Explored various CU*BASE BSA tools
Reviewed BSA-monitoring configurations
Discussed day-to-day procedures including report monitoring and CTR-related activities
Observed the use of Audit Trackers
Reviewed BSA regulations with focus on hot buttons
Investigated various interpretations of standard BSA regulations
Explored daily monitoring reports available in CU*BASE
Topics
- BSA configurations for transaction types
Daily BSA monitoring
Transactions
Reports
Audit Trackers
Verifying BSA activity
Online CTR forms
Due-diligence analysis and tasks
Follow-up activities
Best practices for meeting BSA compliance
