We have a few things rolling around in our programming department, but to begin, let’s discuss the basics of what your new identity theft program must accomplish. The regulation states that a financial institution program must be designed to detect, prevent, and mitigate identity theft in connection with the opening of a covered account or […]
As we are ending February, we are entering into prime time tax refund season. The activity on the Bank Secrecy Act report has soared due to these transactions. Although they may seem like an expected transaction for this time of year, it doesn’t mean they are all legitimate. When the tax refund posts to an […]
Of the 31 identified potential Red Flags, tools native to CU*BASE GOLD can control the event or monitor activity in at least 50% of them. Those not covered by the software, require well defined internal procedures which have little to do with the use of CU*BASE but can be tracked through its tracking system. During […]
We had a great turn out on February 20th for the AuditLink Focus Group. Many of you have requested a copy of the PowerPoint presentation….well here it is! For those that missed out on this opportunity take a minute to check it out!! AuditLink Presentation AuditLink Recording
Xtend, Inc., a multi-owned cooperative CUSO based in Grand Rapids, MI, now provides compliance monitoring support for fourteen (14) credit unions through its new AuditLink business unit. The service, which was first rolled out to a beta group of credit unions in the fall of 2008, was developed to help credit unions using the […]
Check back soon to view the policies and disclosures submitted by your peers.
AuditLink, a new division of West Michigan-based CUSO CU*Answers, announced a successful conclusion to the 2008 fiscal year, surpassing client growth expectations by 100%. CU*Answers says this unique division was created to assist credit unions utilizing its CU*BASE system in being better prepared to face growing daily compliance and internal auditing requirements. Daily monitoring […]
Designed for the community of auditors and compliance officers on the CU*BASE system, this site’s focus will be on disseminating information garnered through day to day discussions between our team and yours. What was the concentration of your last audit or compliance exam? How are others using the CU*BASE platform to create efficiencies in your […]