Bank Secrecy Act Compliance for Lenders

RELEASE DATE: AUGUST 11, 2025
ANTICIPATED DURATION: 60 MINUTES

If you thought BSA and OFAC were only for the frontline or your BSA department, think again. Those share secured loans the credit union offers may be safe from a repayment perspective, but are considered higher risk under the Bank Secrecy Act. This webinar covers not only the basics of
BSA and OFAC compliance but also the loan frauds and scams that cost consumers and the banking industry billions of dollars per year. We will also review SAR and lending-specific record retention requirements. This webinar is designed for anyone taking loan applications, processing or underwriting, loan approval or review, funding, and would be beneficial to collections, compliance, risk management and audit as well.

This training may assist your credit union in meeting the recommendations and requirements noted in the following citations:

• 12 CFR 748.2(c)(4)
• FFIEC BSA/AML Examination Manual
• NCUA Letter to Credit Unions 05-CU-09 FAQs
• Additional NCUA BSA Resources
• 15 S. Code § 1681
• 42 S. Code § 3601
• 42 S. Code § 3619

SUBJECT MATTER EXPERT

Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has been helping financial institutions with the development of compliance programs since 2000. She provides compliance training all over the country for various trade associations and financial institutions, and also speaks at numerous financial institution conferences throughout the country. Mary-Lou has been an instructor at regulatory compliance schools and conducts dozens of webinars for organizations throughout the country.

LEARNING METHOD This is an on-demand e-learning program requiring learners to interact and actively engage throughout the training.  

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