EVENT: BSA (Session Code: 468)
It’s no secret that examiners have a mandate to make BSA a main focus of their audits. It is therefore important to understand how to keep the credit union in compliance in filing Suspicious Activity Reports and Currency Transaction Reports. Credit unions are increasingly caught between stricter regulations concerning member data and increasingly broad powers of government to acquire this data. This seminar will cover the Bank Secrecy Act in detail so that attendees can use this knowledge to keep their credit unions in compliance in this important area of law.

What you will learn:

· BSA purpose and applicability
· Minimal requirements for BSA compliance
· BSA and credit unions
· Customer/ Member Identification Programs
· Customer/ Member Due Diligence.
· Situations covered by SARs
· SAR Safe Harbors
· Tips on completing a SAR
· SAR confidentiality
· Penalties for failing to comply with SAR requirements
· Situations where you must file a CTR
· CTR Safe Harbors.
· Tips on completing CTRs
· Penalties for failing to comply with CTR requirements.


Illinois Pricing:
Regular: $ 99.00

Out of State Pricing:
Regular: $ 119.00

Contact: Mary Jaros (Illinois Credit Union League)
Phone: 630-983-3466
Fax: 630-983-3212
Email: mary.jaros@ilcusys.org

Speaker: Robert Rutkowski
Speaker Bio:
 Rob Rutkowski is a partner in the Brooklyn Heights, Ohio office of Weltman, Weinberg & Reis Co., L.P.A. (WWR) and manages the firm’s Credit Union department and the Corporate & Financial Services practice group. Mr. Rutkowski obtained his B.A. from the University of Akron in 1988 and his J.D. from the Case Western Reserve University School of Law in 1991. A member of the American, Ohio State, Lake County and Cleveland Bar Associations (former Cleveland Board Trustee), Mr. Rutkowski is licensed in Ohio. He is admitted to practice before the U.S. District Court (Northern District of Ohio). Mr. Rutkowski served on the Board of Directors for the Lake County Educational Federal Credit Union for 4 ½ years. He is a frequent lecturer on legal issues for credit unions and has served as a speaker for the Credit Union National Association (CUNA), the National Association of Federal Credit Unions (NAFCU) and most recently, the Credit Union Executives Society (CUES), where he leads a series of informational webinars. Mr. Rutkowski has been published in Credit Union Magazine, Credit Union Management Magazine and The Cleveland Bar Journal and is the Producer and Co-host of the Current Issues in Credit Unions podcast.

Location(s):

Location 1:
Telephone - May 19, 2010: 10:00 am Central
Duration: 1 Hour

Online registration for this event has ended.