Compliance Watch

If our member lives out of state, to where do we report dormant property, our state where we operate or where the member lives?

When one of our members makes a Reg E claim, and the amount is below the credit union's chargeback threshold, we do not investigate. The credit union simply...

Join InfoSight360 Director of Regulatory Compliance Counsel Michael Christians on April 21, from 9 a.m. to 3 p.m. EDT for mortgage loan originator training.

If we are filing SARs for ongoing suspicious activity, at what point would we be required to submit the second SAR?

I know that accounts with EFT activity should receive a monthly statement, and that if there is no EFT activity, a quarterly statement is issued. Are we allowed to send only annual statements to accounts with balances under $500 and no activity?

With InfoSight360, you can feel confident that you have the support you need to stay compliant across the country.

On Feb. 13, the Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief from certain requirements under the agency’s 2016 Customer Due Diligence (CDD) Rule.

Reviewing users’ access rights in InfoSight360 helps ensure they have access to do their jobs, and that only authorized users have access to certain areas and information.

If we have an account labeled "rep payee" with no activity since January 2023, can we close it as dormant?

Finding experienced compliance officers has never been more challenging—and we’ve heard that concern directly from credit unions. That’s why we created the InfoSight360 Compliance Officer Bootcamp.