Legal Briefs

Office of Foreign Assets Control (OFAC)

The OFAC SDN list was updated again. Last update: Feb. 6, 2012. 


Financial Crimes Enforcement Network (FinCEN)

FinCEN has released the requirement for non-bank mortgage lenders and originators to have an anti-money laundering (AML) program and suspicious activity report (SAR) filing. The reporting will assist law enforcement with fraud detection. The final rule will be effective 60 days after it is published in the Federal Register.

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Compliance, Federal.