300 to take deep dive into BSA requirements

NOV. 12, 2015 -- About 300 participants will dig into the details of Bank Secrecy Act requirements when they meet in Fort Lauderdale beginning Monday at the NASCUS/CUNA BSA Conference, which runs through Wednesday.

The three-day conference features more than 20 hours of educational sessions. Among the top general session segments: “Memoirs of A Sex Slave Survivor,” featuring Timea Nagy, a survivor of human trafficking. In her session, Nagy will provide a new perspective about how BSA detection efforts can play a key role in curbing and preventing terrorist financing and human trafficking – and inspire rank and file credit union and other financial institution staff members to greater diligence in their detection efforts.

Other key general session segments include: Warning signs of human trafficking; Bitcoin and its implications; risks inherent in growing use by millennials and others of alternate payment methods (including mobile devices and prepaid cards); issues in serving “money service businesses;” legal obstacles in providing financial services for marijuana businesses (featuring the CEO and legal counsel for Fourth Corner Credit Union of Denver, a credit union chartered to serve marijuana businesses); the cyber black market, detailing how cyber criminals developed and sold malicious cyber software by evading BSA regulations – by design.

The three-day event also includes “BSA Quick Takes” breakout sessions featuring key issues in the realm of bank secrecy.

 

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