Events included an update on risk-based capital proposal and a small CU roundtable.
February 23, 2014
VP Mike Kerans (left) of Cardtronics, a provider of ATM and financial kiosk products and services, assisted Gordon Sam, board chair at Pearl Harbor FCU, Waipahu, Hawaii, with a promotional giveaway Sunday evening.
Human trafficking, money laundering, trade-based money laundering and terrorist financing all come with their own sets of red flags for financial institutions. In addition, entities such as money services businesses and cash-intensive businesses can be legitimate, but also have potential to be used for illicit activities.