Bank Secrecy Act Compliance for Lenders

RELEASE DATE: AUGUST 5, 2024
ESTIMATED DURATION: 90 MINUTES

Are you aware of the ways lending can be used to facilitate money laundering? If you thought the Bank Secrecy Act was limited to cash transactions, this webinar provides all the information you need to fulfill your BSA and OFAC duties as a loan professional. Even if you are aware of different money laundering and suspicious activity scenarios to look out for, this webinar will help keep you informed and up to date. With over 62 reasons for filing a Suspicious Activity Report, you know that at least several of them involve auto lending, credit cards, real estate lending. Because those in the lending or underwriting department often have more time with the applicant/consumer, they are uniquely positioned to spot unusual or suspicious activity. Seasoned veterans and even newbies have been known to identify irregularities during the loan process.

Attendees should include loan officers, loan managers, underwriters, loan support staff, branch management, audit and compliance.

MEET THE PRESENTER

Mary-Lou Heighs founded Compliance Plus, Inc. to help credit unions with the always changing world of compliance.  She joined the credit union movement in 1989 and has worked as a loan officer, marketer, collector as well as almost every position within credit unions.  After working in credit unions, she transitioned to the Research and Information department for the California Credit Union League where she provided compliance assistance to all California and Nevada Credit unions.  As President of Compliance Plus, Inc. Mary-Lou now provides compliance training all over the country for various Leagues and credit unions nationwide.