Effective September 30 online registration will be
while we upgrade our website. Beginning on Wednesday, October 1, to
register for an event: Please complete the registration form and
send to The League via:
Mail: N25W23131 Paul Road, Suite 500, Pewaukee, WI 53072
Thursday, December 11, 2014
10:00 - 11:00 am (CST)
Speaker: John Porter
About the Program
When a new member comes to your credit union through the Internet
instead of in person, your Bank Secrecy Act compliance risk escalates.
You must protect your credit union from money laundering and fraud
by following OFAC, Customer Identification Program (CIP), and
Customer Due Diligence (CDD) rules, but you don’t want to turn off
potential new members.
Attorney John Porter will give you the compliance guidelines for
opening new online accounts. You’ll learn what should be included
in your policies and procedures to minimize your risk without limiting
new member convenience.
You’ll get the answers to these questions:
How do you create a compliance plan that minimizes new online
account risks and maximizes new member convenience?
Should you really trust electronic copies
Do the rules change for checking OFAC, CIP, & CDD when you
open an account online?
Is an electronic copy of a signature card acceptable?
When should you make new deposit funds available?
When must you make them available?
When and how should you provide required disclosures?
How soon must you issue any requested checks or debit