For Details, Contact:
External Affairs
email: pacamail@ncua.gov
Fax: (703) 518-6409

NCUA-FinCEN BSA Webinar Available Online

Alexandria, VA, March 15, 2007 – The “BSA: A Year in Review and Setting the Table for 2007” Webinar, co-hosted by National Credit Union Administration (NCUA) Chairman Joann Johnson and FinCEN Associate Director of Regulatory Policy and Programs Division Jamal El-Hind February 6, is available online for viewing. To view the Webinar, please access the following link: http://w.on24.com/r.htm?e=35893&s=1&k=0ACF004DEB5D9609293367A4366E9766.

The one-hour Webinar provided registered participants from the credit union industry an opportunity to hear directly from NCUA and FinCEN about BSA compliance issues.

“I encourage credit union staff and volunteers to view the BSA Webinar to learn more about issues our examiners have identified during compliance reviews, as well as to get a better understanding of how useful data provided through the reporting process can be in investigating money laundering and illegal activities,” said Chairman Johnson.

The Webinar highlighted several BSA topics, including:

• NCUA’s BSA Compliance Review Program and top BSA compliance issues;
• Recent Regulatory Changes;
• How to Prepare for a BSA Compliance Review;
• FinCEN’s Role as BSA Administrator; and,
• Value of BSA Data

Joining the Webinar were Margaret McPartlin, Trial Attorney, Office of General Counsel, NCUA; Matthew Biliouris, Program Officer, Office of Examination and Insurance, NCUA; Nona Tiedge, Assistant Director, Office of Regulatory Analysis, Regulatory Policy and Programs Division, FinCEN; and Anthony Harris Acting Assistant Director, Office of Compliance, Regulatory Policy and Programs Division, FinCEN.

The National Credit Union Administration charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of over 85 million account holders in all federal credit unions and the majority of state-chartered credit unions. NCUA is funded by credit unions, not federal tax dollars.