Eligible small credit unions interested in counseling assistance in 2016 from the National Credit Union Administration’s Office of Small Credit Union Initiatives can submit nominations through Nov. 30.
At the National Credit Union Administration's open forum discussion for credit unions Friday, CUNA policy and advocacy officers queried agency officials on a series of regulatory issues currently facing credit unions.
The open forum being held by the National Credit Union Administration Friday is “an opportunity for credit unions to help frame issues” for their federal regulators, as well as “to shape the agenda for future conversations,” Rick Metsger reminded in a release Tuesday.
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.