OnPoint Member Invents ‘Complimentary Currency,’ Wins CO-OP THINK Prize

Justin Bean created Community Coin, a concept to allow communities to pay for community service work even when no money is available.

FFIEC Releases 2014 Version of BSA Examination Manual

Updated BSA exam manual released; Which policies need board approval; Plus legal briefs.

Compliance Center: FinCEN Administrative Ruling on Currency Transporters, Notary Training, and More

FinCEN issues an administrative ruling on the application of regulations to currency transporters; notary training dates; question of the week and legal briefs.

Compliance Question of the Week

Who do we call if we received counterfeit currency?

Legal Briefs

Your weekly update on the regulatory landscape, including the release of information on ordering 2013 holiday currency.

What Are Red Flags for Money Laundering in Currency Exchanges and Other Currency Transactions?

Certain transactions may be red flags for money laundering. Our Compliance Question of the Week shares some examples.

Compliance Question of the Week

Are we required to implement policies and procedures specifically relating to safe deposit boxes and Bank Secrecy Act (BSA) monitoring? We have heard rumors that the NCUA is asking credit unions to produce and monitor reports that monitor safe deposit box activity.

Compliance Question of the Week

Does a CTR need to be filed when you know a member is placing more than $10,000 in a safe deposit box?

Currency Transaction Report Aggregation for Businesses with Common Ownership

FinCEN is issuing guidance to clarify, for currency transaction reporting purposes, the aggregation of multiple transactions conducted by businesses with common ownership.