CU*Answers announced that on Tuesday, May 24thit held its 2nd Annual Conversation on Compliance Training Event at its corporate facility location. CU*Answers invited credit unions to spend a day with its AuditLink professionals as they discussed the hot topics surrounding the world of auditing, risk mitigation, and compliance. The day’s events were kicked off with […]
News
AuditLink Prepares for 2nd Annual Compliance Symposium
AuditLink, the audit and compliance division of the West Michigan-based CUSO CU*Answers, has announced the date of their 2nd annual Conversations on Compliance event. “We had a really great turnout last year so we have decided to make it an annual event,” said Marsha Sapino, AuditLink Associate. Sapino continued, “Our lineup will consist of Jim […]
Answers on the Military Lending Act (MLA)
As the October deadline approaches for enacting the new Military Lending Act (MLA) regulation requirements, AuditLink has been fielding calls regarding the direction CU*Answers will be taking between now and the deadline. Since we’ve heard questions ranging from detailed (should I sign up for direct access) to introductory (what the heck is an MAPR), I […]
Combating Tax Return Fraud
It is that time of year again…tax season. For the every-day consumer, this is either a time of excitement for those of you getting a return or a time of dread for the others that have to pay. However, for those of us in the financial industry, it is a time that we are all […]
FinCEN Cybersecurity Recommendation
At a Cybersecurity forum in New York on December 10, 2015, FinCEN Director Jennifer Shasky Calvery said that Financial Institutions should include IP addresses and other cyber-derived information in the SARs that they file. Shasky Calvery states: “This information is incredibly important to the FinCEN analysts and law enforcement investigators working to combat cyber-crimes.” For CU*BASE […]
AuditLink Services Rapidly Expanding
CU*Answers Managed Services, a subsidiary of CU*Answers, recently announced that its AuditLink service to credit unions continues to grow and is now providing a full suite internal audit review, monitoring and reporting services to dozens of credit unions utilizing the CU*BASE® member processing system. AuditLink is a credit union’s execution arm for tackling auditing and […]
BSA Certified Specialist Designation Achieved at CU*Answers
AuditLink, the audit and compliance division of the West Michigan-based CUSO, CU*Answers, announced that Marsha Sapino, AuditLink Associate, received her BSA Certified Specialist designation in November 2015. “Receiving a designation specializing in the Bank Secrecy Act has been a professional goal of mine for quite some time,” states Sapino, who also received her Accredited ACH […]
CAMS Certification Achieved at CU*Answers
AuditLink, the audit and compliance division of the West Michigan-based CUSO CU*Answers, announced that Jim Vilker, head of the division, has passed the Certified Anti-Money Laundering (CAMS) exam. “Passing CAMS has been a professional goal of mine for many years,” said Vilker. “After attending the ACAMS international seminar in Las Vegas last year it became […]
Winners of the Second Cost of Compliance Announced
Today at the 2015 CU*Answers Annual Leadership Conference, CU*Answers CEO Randy Karnes announced the winners of the second Cost of Compliance contest, sponsored by AuditLink, the compliance division of CU*Answers. For the first contest in 2014, credit unions were tasked with creating a template for calculating and accounting for the cost of compliance. In the […]
Employee Security: Do Your Employees Have Too Much Power?
An AuditLink service that has become popular during the last year has been our Employee Security Reviews. Word in the industry is that auditors and examiners are now paying a bit closer attention to your employee access points to the CU*BASE platform. Reviewing employee security is one of the most painstaking tasks a security officer performs […]