Award for $25,000 recognizes CU’s community impact.
November 9, 2010
Bethex Federal Credit Union, a community development credit union serving the predominantly low-income South Bronx community in New York City, was recognized by the Wachovia Wells Fargo NEXT Awards for its positive community impact.
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.