NCUA Seal

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

National Credit Union Administration
1775 Duke Street
Alexandria, VA 22314-3428
Phone: (703) 518-6330
Web Address: http://www.ncua.gov/


Media Advisory

FOR IMMEDIATE RELEASE

Register Now For BSA Compliance Webinar

January 18, 2007, Alexandria, Va. – The National Credit Union Administration and the Financial Crimes Enforcement Network (FinCEN) are jointly hosting a free web-based seminar “BSA: A Year in Review and Setting the Table for 2007.”

Specifics for the joint agency webinar follow:

Who:

NCUA and FinCEN

What:

Are hosting a free webinar to provide information and guidance to credit unions about their BSA obligations.

When:

2:00 to 3:00 p.m., EST, Tuesday, February 6, 2007

Where:

The webinar will be broadcast live from Alexandria, Va.

Webinar discussion topics include:

  • NCUA’s BSA Examination Program
  • Top BSA Compliance Issues
  • Recent Regulatory Changes
  • How to Prepare for a BSA Compliance Review
  • FinCEN’s Role as BSA Administrator
  • The Value of BSA Data
  • Interactive Q&A

Please share a connection:  Because enrollment is limited, we encourage all credit unions and trade associations with appropriate facilities to invite other credit unions to share a single web connection.

Submit questions beforehand:  If you have questions you would like to submit ahead of time, please email them to bsawebinar@ncua.gov.

Click here to register online. Enrollment is limited, so please register early. 
If you can’t participate, a link will be available on NCUA’s homepage (www.ncua.gov) approximately 15 days after the webinar to accommodate those who wish to view the presentation and Q&A session.

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, operates and manages the National Credit Union Share Insurance Fund, insuring the accounts 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.

FinCEN is a bureau within the U.S. Department of the Treasury and the administrator of BSA. FinCEN has promulgated regulations requiring financial institutions to report suspicious transactions, as well as implement anti-money laundering and customer identification programs. Financial institutions currently subject to these requirements include, among others, credit unions.