AuditLink, the audit and compliance division of CU*Answers, has decided to breathe new life into their Network Compliance Group. “We have had a lot of previous members and new clients ask us to revive the group, so we are!” stated Marsha Sapino, AuditLink Assistant Manager. The group was started by Sapino in 2011 when she […]
AuditLink Advisors
SARs – Who’s Reading These Anyway?
Do you ever wonder what happens to your Suspicious Activity Reports (SARs) after you submit them? FinCEN has an interesting doc that explains what happens to your SARs during the first review. It’s a little old but still pretty relevant. It can be found by clicking here.
SARs – Who’s Reading These Anyway?
Do you ever wonder what happens to your Suspicious Activity Reports (SARs) after you submit them? FinCEN has an interesting doc that explains what happens to your SARs during the first review. It’s a little old but still pretty relevant. It can be found by clicking here.
NAFCU Blog on BSA Reporting Myths
Happy Friday! If you don’t already get the NAFCU blog emails every day, I highly encourage you to sign up. Today they wrote a great post on BSA reporting myths that I wanted to share. Have a great weekend!
MLA Active Duty Status Update
CU*Answers continues to work on the issues experienced with pulling the active duty status indicator on credit reports. Our research has uncovered that every Equifax client on the system was unable to pull a credit report once the actual change by ZOOT went live. What we discovered is that, unlike the other two bureaus, Equifax […]
Update FinCEN’s 314(a) Announcement
Last week FinCEN announced that they were adding new data elements to the 314a file that you download and scan against member accounts. They reported that they would be adding email, IP address, and website address to an existing field in the file. No additional fields are being added; rather, new data type descriptions and […]
CU*Answers, Zoot, and the Military Lending Act (MLA)
As we’ve previously reported, we are working closely with Zoot in regards to MLA in order to develop the specifications that will ultimately lead to displaying an active military status on credit reports in CU*BASE GOLD. In a recent meeting between CU*Answers and Zoot staff, we learned from Zoot that our clients should be contacting credit […]
New Information Regarding 314(a) Data
Many of you received the email from FinCEN today announcing that IP addresses and e-mail addresses may be included within the 314(a) subject information that is made available to you via the Secure Information Sharing System (SISS). CU*Answers also received this email and is researching what (if anything) we will need to do with this data. […]
Update to the Military Lending Act (MLA)
More and more is being learned about the requirements of the Military Lending Act here at CU*Answers, and questions continue to be asked relative to what changes we anticipate making in CU*BASE. This update will investigate the three main requirements and then further describe where we are at relative to the core platform. For previously […]
Conversations on Compliance – Another Successful Event
We here at AuditLink would like to thank everyone that attended our Conversations on Compliance event on May 24. It was a great day! As promised, attached are the presentations from the day. Mark your calendars for next year as we will be moving this event to a venue. Tentative date is May 10, 2017. […]