Compliance Center: FinCEN Issues Guidance on Human Smuggling and Human Trafficking

FinCEN issues guidance on recognizing human trafficking; tools for detecting representative payee fraud; and this week’s legal briefs.

CFPB Delays Remittance Transfer Rule Based on Feedback, but Some Damage Already Done

The CFPB agreed last week to delay implementation of the international remittance transfer rule and to address certain concerning elements, but the Federal Home Loan Bank of New York has already indicated that it will stop processing international wire transfers at year’s end.

Wire Fraud: Identification and Prevention

Ken Otsuka of CUNA Mutual outlines how credit unions can avoid wire fraud, which costs the system over $4 million a year.

Bouncing Cashier’s Check Fraud Scams

This form of fraud is on the rise, and the victims are usually the people who can least afford to be taken.