2.63 Achieving Compliance Standards through Best Practices

Supervisory / Management

Summary

This class, taught through the knowledge and experiences of CU*ANSWERS' complience experts is centered on tested and proven methodologies leading to successful audits.  By effectively using CU*BASE and other related software, your credit union can be ready to meet your regulatory examiners with confidence.  Your internal procedures will be compared to industry best practices rounded out with a discussion of appropriate tools available to your staff.  Learn how to monitor for suspicious transactions, red flags, and fradulent activity.

Audience

Compliance Staff, Member Service Representatives, and Officers.

Objectives

By the completion of this course, students will have:

  • Reviewed common Internal Procedures
  • Explored industry Best Practices
  • Investigated Tools available inside CU*BASE and external to the core system
  • Discussed improvements in existing processes
  • Viewed optimal configuration options
  • Reviewed dashboards, audit trackers, and reports which reveal important compliance factors at a glance.

Topics

  • Best Practices
  • Integrated best practices into  your existing Internal Procedures
    • Identify Verification
    • Inconsistent activity
    • Suspicious Transactions
    • SAR/CTR requirements
    • Account Monitoring
  • MNAUDT menu options
  • Audit Trackers
  • Reporting
  • Due Diligence
  • Creating an enviroment for regulatory compliance

Course Schedule

Future times and dates are to be determined.