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 […]
News
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 […]
CU*Answers Credit Unions Swap and Drop
AuditLink, a service of cooperative CUSO, CU*Answers, recently published a video introducing PolicySwap and ExamShare. AuditLink reduces the added work imposed by regulations and compliance through the combination of its services, innovative technology, and cooperation amongst industry peers. Factors inherent in changing regulations mandate continuous training and frequent exposure to compliance issues with applied auditor […]
Overdraft Protection: What CU’s Need to Know
AuditLink has published a whitepaper detailing some of the legal and regulatory risks surrounding overdraft fees. The paper, entitled Overdraft Class Action Lawsuits – What CUs Need to Know , details some of the latest overdraft class action lawsuits and regulatory actions. We recommend that all credit unions review their overdraft configurations as well as […]
PolicySwap and ExamShare Video
Need well-worded policies or examination advice? Learn how PolicySwap and ExamShare can help! Watch PolicySwap and ExamShare Video Overview
Reg D: A Pain Point for Many
Jim and I would like to thank all of those who participated in our Regulation D webinar yesterday. We had over 100 attendees! Apparently this is a hot topic for a lot of CU’s. We are not putting this topic to bed just yet. This is going to be the theme of our next Network Compliance […]