FinCEN Issues Advisory on Risk Associated with Third-Party Payment Processors

FinCEN has released an advisory providing guidance to financial institutions when filing SARS on activities related to third-party payment processors. It is designed to further the Department of Treasury’s efforts to protect against money laundering and terrorist financing.

Keep New Members Engaged By Enhancing Membership Value Through Strategic Link Partnerships

The events surrounding last fall’s Bank Transfer Day brought increased awareness and scores of new members. Credit unions can retain and engage those members by working with the NWCUA and Strategic Link to enhance the value of membership.