Topic: Bank Secrecy Act
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NCUA’s 2024 Supervisory Priorities
NEWS: The NCUA outlined its 2024 supervisory priorities and examination focus areas in its Letter to Credit Unions 24-CU-01. The NCUA will continue to conduct onsite and offsite examination and supervision activities. […]
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Section 314(b): To Share or Not to Share
TIP: This Compliance Courier was prepared by one of The League’s Compliance Specialists – Terri Crisp. All of our specialists are CUNA-certified “Credit Union Compliance Experts.” To learn more about how […]
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Section 314(b): To Share or Not to Share
TIP: This Compliance Courier was prepared by one of The League’s Compliance Specialists – Terri Crisp. All of our specialists are CUNA-certified “Credit Union Compliance Experts.” To learn more about how […]
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NCUA hosting BSA webinar Aug. 24
NEWS: The NCUA is hosting a free webinar next Wednesday, August 24, to discuss Bank Secrecy Act trends and challenges and provide credit unions with valuable updates on BSA compliance. Online […]
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Agencies: Assess members’ CDD risks individually
NEWS: The NCUA and other federal regulators, including the Financial Crimes Enforcement Network (FinCEN) issued a joint statement yesterday to stress their “longstanding position” that banks and credit unions must take a risk-based […]
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FinCEN asks for suggestions to modernize BSA rules
COMMENT CALL: The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a Request for Information (RFI), asking interested parties for comments and suggestions on how it can streamline, modernize and update […]
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Take care when preparing CTRs for deposits into joint accounts
Q&A: Here is a question that a Wisconsin credit union recently asked one of The League’s Compliance Specialists – Nikki Hutsen – along with her answer. Nikki is a CUNA-certified […]
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Include “non-critical” information when completing SARs & CTRs
TIP: This Compliance Courier was prepared by one of The League’s Compliance Specialists – Eileen Flugaur. She is a CUNA-certified Bank Secrecy Act Compliance Specialist (BSACS), as are all of […]
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Serving higher-risk businesses requires enhanced due diligence
TIP: This Compliance Courier was prepared by one of The League’s Compliance Specialists – Jennifer Haydon. All of our specialists are CUNA-certified in BSA compliance. To learn more about how […]
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0187 BSA: Money Services Businesses
This release applies to all credit unions, both state and federal. It describes federal Bank Secrecy Act requirements for credit unions that serve “money services businesses.