Although it is nearly four years old, the FinCEN Advisory, Guidance on Recognizing Activity that May be Associated with Human Smuggling and Human Trafficking – Financial Red Flags, is still one of...
THE WORKS Blog, Credit Union Compliance News & Views
As you all know, new and updated data fields were added to the online Currency Transaction Report (CTR) last year and recently there was a deadline to meet a new format requirement for CTR batch...
The U.S. Treasury Department’s inspector general’s office said it has opened an investigation into whether confidential banking records, SARs and other BSA information, have been “improperly...
It’s singed. It’s brittle. It’s moldy. It’s torn. It is disintegrating.
The May 11, 2018 date for compliance is only a month away! Did you cross all the t’s and dot all the i’s? Here are three good questions from our Compliance Hotline. Check them out so you can...
It is that time of year, so let’s talk about Automated Clearing House (ACH) direct deposits for tax refunds. Recently, we received a great question from a credit union asking if credit unions are...
I’m sure it sounds familiar, it has been a long time coming! The REAL ID Act was passed in 2005 and is a piece of legislature that imposes much stricter measures on how people can obtain a driver’s...
I can remember using a counterfeit detector pen to make a small mark on all large bills ($50s and $100s) when accepting deposits that were being counted by hand. Doing this was a quick way to assure...
It was just a matter of time before other types of loan contracts and agreements caught up with Regulation Z amendments made in 2013, banning “terms that require arbitration or any other non-judicial...
