More than 1,500 BSA compliance specialists designated by CUNA

January 28, 2016

MADISON, Wis. (1/28/16)--In 2015 the Credit Union National Association (CUNA) designated 240 Bank Secrecy Act Compliance Specialists (BSACS). Another 129 individuals recertified their BSACS designation.

Currently, there are 1,572 active BSACS designees, CUNA reported.

“We believe that credit unions have both a legal and professional obligation to help detect and fight money laundering, and we are committed to help them do so,” said Tracy Blaske, BSACS director of compliance education at CUNA. “It’s great to see the BSACS designation continue to grow in popularity; it signifies that more and more credit union professionals are recognizing how important the in-depth education is to their risk management efforts.”

To earn the BSACS designation, applicants must enroll in either the CUNA Bank Secrecy Act eSchool or the annual CUNA Bank Secrecy Act Conference, presented in partnership with the National Association of State Credit Union Supervisors. In both programs, students are led through the content of the Bank Secrecy Act (BSA), the requirements it imposes on credit unions and the latest regulatory, technological and international developments in anti-money laundering.

This year’s CUNA Bank Secrecy Act Conference will be held Nov. 13-16 in San Antonio.