13.07.2015 Views

bank secrecy act / anti- money laundering (bsa/aml) compliance

bank secrecy act / anti- money laundering (bsa/aml) compliance

bank secrecy act / anti- money laundering (bsa/aml) compliance

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Internal Controls• Board ultimately responsible for ensuring thecredit union has an effective internal controlstructure• Policies, procedures and processes should bein place to monitor and identify unusual <strong>act</strong>ivity• The level of monitoring is dictated by the creditunion’s risk assessment, with an emphasis onhigh-risk products, services, members andgeographic locations

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!