Description
RELEASE DATE: AUGUST 17, 2026
DURATION: 60 MINUTES
Volunteers, including board members and committee participants, play an important oversight role in a credit union’s Bank Secrecy Act (BSA) compliance program. Regulators expect that individuals in governance and oversight positions have a general understanding of BSA/AML requirements, associated risks, and their responsibilities in ensuring an effective compliance program.
This course is designed specifically for volunteers and provides a high-level, practical overview of key BSA concepts, including:
- Purpose and background of the Bank Secrecy Act
- Role of government agencies in BSA/AML enforcement
- Overview of money laundering and terrorist financing
- Potential penalties for non-compliance
- Latest developments impacting BSA requirements
- Board of director responsibilities and oversight expectations
- Core components of an effective BSA compliance program
- Overview of Suspicious Activity Reports (SARs)
- Office of Foreign Assets Control (OFAC) requirements
This session focuses on governance, risk awareness, and oversight—not day-to-day operational responsibilities—helping volunteers fulfill their duties with confidence and ensure the institution maintains a strong culture of compliance.
SUBJECT MATTER EXPERT
Heather Line is the Director of Compliance Support for the three-state alliance of leagues serving credit unions in California, Nevada and Utah. In this role, she helps credit unions of all sizes navigate today’s complex regulatory environment by providing practical guidance, training and in-depth regulatory analysis. Heather brings more than 30 years of financial institution compliance experience, spanning both credit unions and banks. Over the past 16 years working with credit union leagues, she has built a reputation as a trusted advisor, dynamic trainer and a (slightly unusual) living dictionary of everything compliance. She holds the BSACS and CUCE designations from America’s Credit Unions, along with a B.A. in English – a degree she has found surprisingly valuable throughout her financial services career.
LEARNING METHOD This is an on-demand e-learning program requiring learners to interact and actively engage throughout the training.
EXPIRY NOTE: eTrain reserves the right to expire program links that may include information no longer valid such as regulation and rule changes. In most cases, we will expire a program the same day an updated version is being released.