The series below ran Jan – May 2023 and includes 45 minute sessions with MCU VP Risk Management, Donya Parrish, on high level discussion of the most common compliance hotline questions and discussion topics. Click on the title for the Zoom recording.
Account Ownership (Jan. 10, 2023) Passcode: ?Z9s.scE
Death of a Member (Jan. 24, 2023) Passcode: Z9*^GDG+
Advertising & Truth in Savings (Feb. 9, 2023) Passcode: 41Qey&Ut
Reg CC & Check Holds (Feb. 24, 2023) Passcode: sv=8=qTz
Fiduciary Relationships (Mar. 7, 2023) Passcode: QOj.GB@1
Garnishment & Levies (Mar. 21, 2023) Passcode: c@6z+j@k
NCUA Share Insurance (Apr. 11, 2023) Passcode: Nt*^A01%
Business Account Basics (Apr. 25, 2023) Passcode: 7LfSLU1$
Trust Account Basics (May 9, 2023) Passcode: Gf$=2ZHP
Bank Secrecy Act for Staff This webinar (Dec. 2023) covers the basics of the Bank Secrecy Act for credit union staff, discusses some upcoming changes for reporting to FinCEN, covers the cannabis landscape in Montana, and highlights questions to ask about your own credit union’s BSA policy.
Bank Secrecy Act for Directors In this 56-minute webinar (September 2024), Donya Parrish, MCU VP Risk Management and a certified BSA Specialist, discusses the Bank Secrecy Act as it relates to the board of directors and their role in oversight of the credit union’s BSA program. She discusses the various components of a BSA program, how to define your credit union’s risk level, and some of what could be changing in the future.
BSA Risk Assessments Jim Vilker with CU*Answers joined our Compliance Officer Community in Jan. 2021 to discuss ways to enhance the risk assessment to fit YOUR credit union, as well as how to use it as a tool to reduce BSA burden.
The 2023 series archive contains two emails per day. The burgundy links below will take you to the newsletter for that topic.
2023 Series Archive:
Email #1 (11/27 a.m.) What to Expect with the BSA Email Series
Email #2 (11/27 p.m.) Let’s Discuss Money Laundering
Email #3 (11/28 a.m.) The Risk Assessment
Email #4 (11/28 p.m.) BSA Program Components
Email #5 (11/29 a.m.) Member Identification Program
Email #6 (11/29 p.m.) Due Diligence and High-Risk Accounts
Email #7 (11/30 a.m.) Filing the CTR
Email #8 (11/30 p.m.) Suspicious Activity Reporting
Email #9 (12/1 a.m.) Cannabis-Related Issues
Email #10 (12/1 p.m.) Information Sharing & Recordkeeping
Final Email Self-Test and Resources Issue
The National Elder Fraud Hotline offers free help to people age 60 and older who may have been victims of financial fraud. The hotline is available by calling 833-FRAUD-11 (833-372-8311) and is staffed seven days a week from 8 a.m. to 9 p.m. MT. Credit union employees who suspect a member is being taken advantage of can call it too.
Elder Financial Exploitation is an Oct 2019 update on 15 things your credit union can do to combat financial exploitation in members age 60 and older. It details a new Montana law allowing family member contact and delay of transactions. The training is intended as a tool to help credit union staff understand and recognize the red flags of financial exploitation, as well as how to respond to them and protect older members.
Minor (Youth) Accounts This 30-minute session (Feb. 2018) outlines compliance considerations and common scenarios when it comes to serving members who are under 18.
Kristen Tatlock (Aux) joined the Compliance Officers and CU Voices Communities on Oct. 25, 2023 to deliver a session on Social Media Compliance.
Social Media Compliance Handout
