Last October, I was in Kenya with World Council of Credit Unions representatives. As I bounced along a rural road outside
Nairobi, two of my Kenyan traveling companions had this conversation:
Fundraising campaigns by credit unions in Oregon and southwest Washington last year resulted in a donation of more than $617,000 to Doernbecher Children’s Hospital on behalf of CUs for Kids. The donation is largest single-year contribution thus far by the campaign and topped last year's contribution by more than $100,000. READ MORE
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.