Compliance Services
Financial Controls, Inc. provides quality and superior compliance support and solutions for credit unions:
- ACH audits (required by NACHA per ACH Rules, Appendix 8). Click here for more information.
- Bank Secrecy Act review, including customer/member identification program (CIP) & anti-money laundering program (AML).
(per NCUA Letters to Credit Unions, including 05-CU-16, 05-CU-09, 03-CU-16, & other regulatory pronouncements). Click here for more information.
- OFAC compliance review (per NCUA Letter to Credit Unions 01-CU-25). Click here for more information.
- Policies & procedures reviews (adequacy, completeness, compliance)
- Compliance audits (other specific areas of concern, e.g. disclosures, mortgage loans, TIL, TIS, Reg Z, etc.)
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