Quarterly BSA Enewsletter
NAFCU's BSA Blast is a NAFCU member-only quarterly enewsletter offering coverage and analysis of credit union compliance issues and industry activity concerning the Bank Secrecy Act (BSA) and Treasury's Office of Foreign Assets Control (OFAC) regulations.
The March 2021 issue is available now!
In This Issue
Congress Enacts Changes to BSA/AML Requirements
Congress recently passed the Anti-Money Laundering Act of 2020 (AMLA), which enacted a number of changes to BSA laws and mandated changes to BSA regulations. While the Act instructed FinCEN to consider making a number of changes to their regulations, this article focuses on the concrete changes in the law.
FinCEN Issues Guidance for Economic Impact Payment Fraud
This article reviews recent guidance on fraud involving economic impact payments, including red flags and guidance for completing SARs.
NCUA takes enforcement action against a credit union for its marijuana banking activities.
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