Sharing what went wrong can help other credit unions avoid North Dade Community Development FCU's recent $300K FinCEN fine.
The $3.6M North Dade Community Development FCU violated BSA and Patriot Act regs for five years.
Small credit union processes $1B in outgoing wires in 2013 alone.
Credit unions can still comment on a proposed rule that will require greater customer due diligence.
The second part of the regulator's anti-money laundering webinar will include best practices.
The free May 21 event will focus on OFAC and FinCEN compliance.
ATM Industry Association report includes a rundown of how bitcoin currency works and efforts to regulate it.
Effective April 1, 2013, all institutions must file the reports electronically. NAFCU addresses how in compliance blog this week.
Credit unions without Internet access get reprieve.
Check, mortgage fraud lead list of overall suspicious activity reports.