The FFIEC launched a redesigned Bank Secrecy Act/Anti-Money Laundering InfoBase website last week, aimed at sharing financial institution examination procedure information with examiners, financial institutions, the public and other stakeholders.
NCUA’s latest Letter to Federal Credit Unions features guidance on how credit unions can prepare a successful narrative application when using this option to apply for serving a well-defined local community.
FinCEN joined federal financial regulators, including NCUA, last week to issue a joint statement on sharing BSA resources that addresses the benefits of financial institutions entering into collaborative BSA/AML arrangements.
CUNA has selected Quantivate as the intended provider of a platform as foundation for a new comprehensive compliance solution for credit unions. The platform will manage state and federal compliance burdens in one place.
The Federal Reserve has published a final rule amending subpart C of Regulation CC (Availability of Funds and Collection of Checks) to address check alteration disputes when the paper check is unavailable for inspection.