office of Foreign Assets Control

• 

  Though Not Named, Bank Bill Would Also Benefit Credit Unions

  By Heather Anderson  |  April 26, 2013

  Missouri Rep. Blaine Luetkemeyer's bill doesn't mention credit unions but would provide some regulatory relief, trades say.

• HSBC Bank Agrees to Historic $2 Billion Settlement

  By Heather Anderson  |  December 11, 2012

  Big bank accommodated money flow for Mexican drug traffickers, allowed customers to conduct business with sanctioned countries, including Iran.

• Constellation Federal Credit Union Rebuilds Compliance Program

  By Michelle A. Samaad  |  May 15, 2012

  After its compliance officer resigned, Constellation Federal Credit Union said it still needed compliance expertise that was cost efficient.

• 

  Automation Puts Muscle in Royal's Background Checks

  By Marc Rapport  |  March 19, 2012

  Back office automation is aiding the $1.3 billion Royal Credit Union with its critical compliance activities and at the same time, executing several key growth strategies.

• New CUSO Provides Compliance Support

  August 18, 2010

  A Washington area CUSO, COMPASS 4 CUs LLC, has opened for business to provide credit unions nationwide with regulatory compliance assistance.

• Regulatory Compliance CUSO Makes its Debut

  By Michelle A. Samaad  |  August 3, 2010

  COMPASS 4 CUs LLC, a new, Washington area CUSO has opened for business to provide credit unions nationwide with regulatory compliance assistance.

• Texas League Issues Wake Up Call on BSA After Big Bank Fine

  By Jim Rubenstein  |  March 19, 2010

  The Texas Credit Union League warned against complacency in Bank Secrecy Act and Office of Foreign Assets Control compliance following a $160 million money laundering judgment against the old Wachovia Bank, now part of Wells Fargo.