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
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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