WASHINGTON — NAFCU senior staff traveled into Washington recently to discuss their members' ongoing concerns regarding Bank Secrecy Act compliance.
"We met with certain staff from Undersecretary [for Terrorist Financing and Financial Crime Stuart] Levey's office…to take the opportunity to express some of the issues credit unions have been expressing to us," NAFCU Senior Counsel and Director of Regulatory Affairs Carrie Hunt explained.
She noted, "The FFIEC manual has certainly cleared up some issues." Still NAFCU members want to ensure the government is monitoring the value of BSA reporting and whether it is resulting in arrests.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
