Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
FDIC
Bank, credit union regulators issue exam procedures on FinCEN’s CDD rule
Examination procedures for assessing compliance with a new Bank Secrecy Act (BSA) “customer due diligence” rule that took effect Friday – requiring covered institutions to verify the identity of beneficial owners at account opening – […]
