Anti-Money Laundering Compliance

One of the ever increasing requirements placed on a credit union is a requirement for a bi-annual audit of compliance with respect to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, which requires the following:

 

  • Review of Policies and Procedures
  • Review of Risk Assessment
  • Review of new account openings
  • Review of a random sample of  required reporting transactions

 

We tailor our tests to meet these requirements and provide a comprehensive report to the audit committee to ensure that it has met its duties under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

 

Contact Us to discuss how we can serve your credit union today.

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