The newest edition of this Bi-annual report generated from FINCEN is now available. Issue 16 gives a detailed summary of the following: Mortgage loan fraud Trends and benefits of BSA E-Filing system Analysis of SAR inquiries Law enforcement cases Suggestions for filing a SAR What’s new for auditing the AML program This issue’s Law Enforcement […]
News
AuditLink Community Growing Rapidly
AuditLink, a compliance and audit process division of CU*Answers, has recently announced its community is 25 credit unions strong. According to the CUSO, the service has far exceeded original expectations of contracting for 20 credit unions in its first two years. Now 25 credit unions strong, it is expected that AuditLink will be […]
Introducing the CU*BASE 5300 Call Report Tool
The CU*BASE 5300 Call Report tool was released this summer! Credit Unions now have the ability to enter their Call Report data into CU*BASE. This is a big step toward reducing the burden of completing this quarterly task. CU*Answers plans to automate the collection of data for the Call Report as much as possible for […]
AuditLink Advisor – September 2009
When What You Think Is Not What You Get President Ronald Reagan liked to use the term “trust, but verify”. He used the phrase to describe how he dealt with the Soviet Union in reducing the nuclear arms threat. Recently our Credit Union found out the hard way that what we thought to be true was […]
Compliance Monitoring Service Adds New Clients
Xtend Inc. a multi-owned cooperative CUSO headquartered in Grand Rapids, Michigan, has seen its AuditLink back office compliance monitoring service grow from eight clients at the beginning of the year to a total of eighteen. The CUSO reports that the service is used by credit unions in seven states and ranging in size from […]
AuditLink Advisor – July 2009
Credit CARD Act In the last few days the final interpretations of the Credit CARD Act have been hitting the desks of many of our clients. This was signed into law last month and to everyone’s surprise had some very aggressive dates for compliance. The most immediate deadline is August 20th. According to the law […]
AuditLink Review Course PowerPoint
Thanks everyone for participating in the AuditLink Review Course! Please find the slide show below. Review Course 7-15-09
CU*Answers Offers FREE Tool to Assist Credit Unions in Completing Due Diligence Requirements
CU*Answers announces the roll-out of a new service to help clients complete third party due diligence on CU*Answers and partners involved with the cuasterisk.com network. The “Risk Management Report Generator” is a new Internet-based product which allows CU*Answers, Xtend, AuditLink, WESCO Net, and Lender*VP clients to complete their due diligence on services and products […]
AuditLinks Presence Growing Rapidly
The new Audit and Compliance division of the cuasterisk network of CUSOs, AuditLink, announced inspiring first year results at CU*Answers Annual Leadership Conference on June 17th. Jim Vilker, Business Manager of AuditLink revealed that 21 credit unions across the United States, from New York to Oregon have come on board to use Audit […]
Red Flag Compliance in 4 Easy Steps
Once you understand the basic principle behind the Red Flags Rule, creating a written Indentity Theft Program becomes easier to achieve. Notice the operative word is ‘easier’, not easy. We’ve discovered a website that offers valuable insight into designing an Identity Theft Compliance program of your own. Based on a template developed by the FTC, […]