A resource for credit unions in CA & NV, providing credit union financial and economic trend analysis, brought to you by your Leagues in partnership with CUNA & Affiliates.
Answers to your crucial questions can be less than one business day away. Post your question here, and a talented compliance professional will get back to you quickly! Or if you prefer, call the PolicyWorks compliance hotline to speak directly with our knowledgeable consultants.
Compliance Hotline: (844) 731-6072
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Prior to this change, the “zero liability” applied to non-PIN-based transactions only.
2014 InfoSight User Survey
If your credit union uses League InfoSight, then your opinion to its annual survey counts!
Please take a few minutes to answer this important user survey to help those managing InfoSight learn how your credit union uses it, what you like about it, and what you think could be improved. The survey will be available from now until Sept. 1.
Past responses have been used to help guide discussions about enhancing InfoSight and implement suggestions.
‘Culture of Compliance’ Advisory
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to U.S. financial institutions on promoting a “culture of compliance.”
BSA/AML shortcomings (Bank Secrecy Act/Anti-Money Laundering) have triggered recent civil and criminal enforcement actions. FinCEN is seeking to highlight the importance of a strong culture of BSA/AML compliance for senior management, leadership and owners of all financial institutions subject to FinCEN’s regulations regardless of size or industry sector.
To learn more, click here.
POLICYWORKS LEAGUE COMPLIANCE SITE
updated 07/21/15 08:59 AM
League Member-Exclusive Content
The PolicyWorks League members’ only website provides member credit unions with ongoing compliance support as benefit of League membership. The website houses a library of compliance information and communications to assist credit unions with their compliance needs.
OFAC RETIRES INDEPENDENT DATA FILES
updated 07/14/15 09:40 AM
Plus, NCUA Guidance on FOM Rule
The Office of Foreign Assets Control (OFAC) has retired independent data files for the Foreign Sanctions Evaders (FSE) List, the Sectoral Sanctions Identifications (SSI) List, and the Non-SDN Palestinian Legislative Council (NS-PLC) List.