We use cookies to improve your experience and optimize user-friendliness. Read our privacy policy for more information on the cookies we use and how to delete or block them. To continue browsing our site, please click accept.
VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
On Jan. 18, 2022, the National Credit Union Administration (NCUA) issued Letter No: 22-CU-02 containing the NCUA’s Supervisory Priorities for 2022. Consistent with the past several years, one of the NCUA’s top Supervisory Priorities is the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT). Every NCUA exam includes BSA and AML/CFT reviews. The NCUA also pointed out that there will be several new BSA and AML/CFT requirements implemented in 2022. These requirements will necessitate updates to credit union’s BSA and AML/CFT policies, procedures and processes.
The NCUA also pointed out the following five other regulatory areas that will be a priority for examiners during examinations:
For more information on how this may impact your financial institutions, contact Doeren Mayhew’s regulatory compliance specialists.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
A quick registration is required to view our resources.
You will only be asked to do this one time (unless you don't save your browser cookies).