COVID-19 money-laundering, terrorism-financing risks covered in webinar

October 29, 2020

The World Council of Credit Unions’ COVID-19 Response Committee will host a webinar Nov. 19 at 10 a.m. (ET) on COVID-19 related money-laundering and terrorism-financing risks. This is the second in a series of bimonthly webinars hosted by the committee, of which CUNA is a member.

Registration is open for the webinar, which will feature representatives from the Financial Action Task Force (FATF), the independent inter-governmental body recognized for setting global standards for anti-money laundering (AML) and counter-terrorist financing (CFT) responsibilities, World Council of Credit Unions and AML Rightsource, a firm focused on helping financial institutions find Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions.

It will feature presentations on:

  • The challenges, good practices and policy responses to new money laundering and terrorist financing threats and vulnerabilities arising from the COVID-19 crisis; and
  • How credit unions and other cooperative financial institutions must advocate for proportional treatment on AML/CFT regulations.