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#402107 - 08/11/05 10:10 PM Credit Unions and BSA/AML responsibilites
blc529 Offline
New Poster
Joined: Aug 2005
Posts: 3
Phila, Pa.
Anyone associated with a CU doing BSA/AML? Want to know what you do.

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BSA/AML/CIP/OFAC Forum
#402108 - 08/11/05 10:30 PM Re: Credit Unions and BSA/AML responsibilites
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Neither the source of your charter nor the name of your insuror is going to dictate any significant element of your BSA/AML program. You should conduct the obligatory risk assessment and go from there. Some credit unions will have risk profiles very similar to those of a commercial bank. Some are exposed to markedly less risk.

You might consider discretly describing your organization and see if a CU or a bank with a comparable mix happens by.
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