Audit ServicesThe League offers a range of dues-subsidized onsite audit work for affiliated credit unions. Audit services can help ensure your credit union is in compliance with the ACH Rules, BSA, CIP and OFAC Requirements, SAFE ACT and website review requirements. To learn more about the services offered and cost, please contact Judy Britt, VP-Compliance, at [email protected]. Audit Services AvailableSAFE Act Audit We will determine your CU complies with the requirements of the SAFE Act. We will review the process to identify and register mortgage loan originators in a timely manner; the adequacy of policy, procedures and documentation to ensure compliance with the requirements of the SAFE Act, and required training. ACH Audit BSA, CIP and OFAC Audits Money laundering detection and prevention are critical elements of a financial institution’s compliance program. An effective BSA program will help minimize exposure to transaction, compliance, and reputation risk and avoid the risk of fines and other enforcement actions by federal and state regulators. The life cycle of a BSA program is to implement a BSA risk assessment, develop policy and procedures, establish internal controls to mitigate the identified risks, train and educate on the program, and test the program for compliance. The League audit services can help with your BSA program by performing an audit/test of your existing program to comply with the program’s requirements. Website Compliance Review |