• What procedures are performed during the ACH Audit?

As required by NACHA, the procedures required and delineated in the ACH Rules, Appendix Eight are performed.  These procedures
normally take 1-2 days to complete for a credit union that is not an originator.  If the credit union is an originator, an additional 1-2
days of fieldwork may be necessary.


  • What procedures are performed during the Bank Secrecy Act Audit?

Click here to read more about the Bank Secrecy Act.

The Bank Secrecy Act audit procedures consist of a review of the following for adequacy, completeness, and propriety:

  • Policy and procedures
  • Currency transaction reports (CTRs)
  • Suspicious activity reports (SARs)
  • Monetary instruments logs
  • Wire transfers
  • Electronic commerce & banking
  • Designated exempt entities
  • Anti money laundering program (AML)
  • Member/Customer identification program (CIP)
  • Employee training
  • Record retention
  • HIFCA/HIDTA determination
  • Risk assessment


  • What procedures are performed during the OFAC Audit?

The OFAC audit procedures consist of a review of the following for adequacy, completeness, and propriety:

  • Policy and procedures
  • Suspicious activity reports (SARs)
  • Monetary instrument logs
  • Wire transfers
  • Electronic commerce & banking
  • Anti money laundering (AML)
  • Member/Customer identification program (CIP)
  • Employee training
  • Record retention
  • Risk assessment
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