Risk Management Beyond Compliance: Why Record Retention Matters It’s true that audits are more complex than ever and security threats lurk around every corner. But did you ever consider that the antidote to these risks is one thing you probably give the least amount of thought to? I’m talking about record retention, and why its importance
Risk Management Is There a New Pillar of BSA Compliance on The Horizon? Back in 1970, Congress passed the Bank Secrecy Act (BSA), a law which required financial institutions to work with the government to eliminate money laundering and fraud. Now, over 50 years later, BSA has endured multiple rules and regulations changes, which have resulted in what is called the “five pillars”
Risk Management 5 Ways to Take the Uncertainty Out of Compliance Audits They say that death and taxes are the only certainties in life. But in the credit union world, there’s a third certainty – the annual compliance audit. Whether that has the same dreaded connotation as death and taxes is subjective, but it’s probably safe to say that it’s
