Compliance: NCUA provides CDD, beneficial owner rule info

first_img NCUA’s latest supervisory letter (SL-18-01) addresses compliance with the new Bank Secrecy Act (BSA) customer due diligence (CDC) and beneficial ownership rules. According to the agency, once the BSA Questionnaire and consumer compliance violations citations have been added to AIRES, expected in September, field staff will begin evaluating credit union compliance with the new CDD rules.However, the letter notes that, through the end of the year, NCUA field staff will not take exception to a credit union’s non-compliance with the new BSA standards found in the final CDD and beneficial ownership rules and will not identify any such noncompliance as a significant BSA violation, provided the credit union is “making a good faith effort to comply with the new rules.”NCUA field staff will begin more in-depth reviews of credit unions’ BSA/Anti-money laundering (AML) policies, procedures and processes in 2019.The letter also provides a list of additional guidance relevant to the CDD and beneficial ownership rules, including: continue reading » NCUA headquarterscenter_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more


Franklin County announces early voting hours

first_imgBrookville, IN — Franklin County has announced early voting hours. Early voting will take place at the Franklin County Courthouse in Brookville in room 105.The Following dates will have voting from 8:30 am to 4 pm :(Unless otherwise specified)October 6 – 9October 13 – 16October 19 – 23October 26 – 30There will be two Saturday early voting options. The following dates will have voting from 8 am to 3 pm:Saturday, October 24Saturday, October 31The day before Election Day, Monday, November 2, early voting will be available from 8:30 am to 12 pm (noon).last_img read more