Events included an update on risk-based capital proposal and a small CU roundtable.
February 23, 2014
Rick Choffel (right), national sales manager for American hare Insurance, which provides primary and excess share or deposit insurance exclusively to CUs, talked with Clark County CU’s CFO Christie Jordan (center) and CIO Chad Heese (left).
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.