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New on the Compliance Blog: Merger record retention, FinCEN’s ‘new power’
As credit unions work to meet the needs of more than 134 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday and Wednesday.
Here's a roundup of what's new this week:
Merger and Acquisition Record Retention: Survivor Edition: Regulatory Compliance Counsel JaMonika Williams writes about the circumstances related to record retention policies that arise when two credit unions merge and how to clarify which of the two credit unions’ policies should be followed.
FinCEN Flexes New Power in Bitzlato Order: Director of Regulatory Compliance Nick St. John details the Financial Crimes Enforcement Network’s (FinCEN) first use of its power to declare an institution to be a “primary money laundering concern in connection with Russian illicit finance.” St. John explains that this “new power” was included as a provision in the 2021 National Defense Authorization Act and allows the Treasury Department and its subagencies – such as FinCEN – to declare certain institutions, types of transactions, or certain accounts to be instruments of Russian money laundering.
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Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
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