William “Bill” Cheney officially takes the reins as Credit Union National Association (CUNA)
July 5. He replaces outgoing President/CEO Dan Mica at the helm of the nation’s largest credit union trade association.
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.