Credit unions and how they help people were the topic of the day not only in the United States but around the world Thursday. International Credit Union Day special events were held, for example, in Brussels; Canada; London, and St. Kitts.
As credit unions worldwide celebrate International Credit Union Day, CUNA President/CEO Jim Nussle offered greetings from Cuba, where he is part of a contingent of credit union leaders working to bring cooperative financial services to the island nation.
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.