Bank Secrecy Act due diligence requirements for Banks and Credit Unions that offer services to charities and non-profits

Treasury Bond Repo Rates and Bank Secrecy Act

Federal financial institution regulatory agencies today issued a joint fact sheet clarifying that bank and credit union compliance efforts to meet Bank Secrecy Act due diligence requirements for customers that are charities and other nonprofit organizations should be based on the money laundering risks posed by the customer relationship. The fact sheet highlights the importance … Read more