Justin Bean created Community Coin, a concept to allow communities to pay for community service work even when no money is available.
Updated BSA exam manual released; Which policies need board approval; Plus legal briefs.
FinCEN issues an administrative ruling on the application of regulations to currency transporters; notary training dates; question of the week and legal briefs.
Who do we call if we received counterfeit currency?
Your weekly update on the regulatory landscape, including the release of information on ordering 2013 holiday currency.
Certain transactions may be red flags for money laundering. Our Compliance Question of the Week shares some examples.
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.
Does a CTR need to be filed when you know a member is placing more than $10,000 in a safe deposit box?
FinCEN is issuing guidance to clarify, for currency transaction reporting purposes, the aggregation of multiple transactions conducted by businesses with common ownership.