KENSINGTON, Md. — Lawrence Hart, the chief compliance officerfor the $319 million Lafayette Federal Credit Union, has resignedalleging the credit union was untruthful with NCUA examiners, wasnot taking action on his concerns about potential Bank Secrecy Actviolations, and for what he described as the wrongful terminationof Howard Mann, a former internal auditor with the creditunion.
Hart alleged that the credit union's senior executives made“less than totally accurate” statements to the NCUA during theNCUA's April on-site audit.
Hart also cited what he claimed was Lafayette's failure toimplement some requirements of BSA, and “disregard” of the CustomerIdentification Program and inquiries to the Office of Foreign AssetControl's data systems.
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