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SENATOR HOLLY MITCHELL
|Team Mitchell left to right: Myriam Valdez, Legislative Aide, Senator Holly Mitchell (D-Los Angeles), Tim Shelley, Rules Committee Consultant, John Skoglund, Legislative Aide, and Rodney Wilson, Senior Legislative Advocate, California and Nevada Credit Union Leagues.
06/22/16 02:17 PM
Senator Holly Mitchell
and her staff accepted this year's Credit Union SacTown Run trophy as the winning legislative office. Team Mitchell represents the victorious team of participating California state legislators and their staff who ran in support of local Children’s Miracle Network Hospitals (CMN) alongside credit union leaders, volunteers, and employees.
Click to view the latest Members in the News
From the Editors of CU Weekly
'FUNNEL ACCOUNT' ADVISORY ISSUED
06/08/14 10:36 AM
FinCEN Guidance on Red Flags
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions regarding the increased use of “funnel accounts” as part of trade-based money laundering (TBML) conducted by criminals following restrictions on U.S. currency transactions in Mexico.
The advisory provides “red flags” that may assist credit unions in identifying and reporting suspicious funnel account activity.
Click here to view the advisory.
The advisory presents the following helpful information:
- Explanation of what a funnel account is.
- Background regarding the most recent issue.
- Typical steps of funnel account activity in conjunction with TBML.
- Funnel account and TBML red flags.
- Guidance for financial institutions.
- Contact and hotline information.