Know When to Report Suspicious Activity

Know When to Report Suspicious Activity

 

Bank Secrecy Act (BSA) compliance starts with well-trained, attentive front-line staff—the first line of defense against illegal activities such as money laundering and terrorist funding.

Every credit union must have a program that monitors and reports suspicious activity. When the system works well, you’ll quickly and accurately convey your observations about suspicious activity to the credit union’s designated BSA compliance officer.

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