Tightened AML/BSA Rules Hitting Credit Unions

 

The Panama Papers ensnared foreign heads of state and financial institutions, but they’re also likely to have a ripple effect in the U.S., with enforcement agencies sharpening their focus on anti-money laundering and Bank Secrecy Act reviews.

That may cause some sleepless nights for credit union executives, who already are feeling the weight of AML and BSA compliance, experts said. Cindy Williams, VP of Regulatory Compliance, shares her insights.

Read the full article at CU Times.