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Every day, credit unions are exposed to various risks; risks associated with identity theft and fraud, terrorism and money laundering. Credit unions remain a prime target for the perpetration of these and related criminal acts. USA PATRIOT Act and OFAC regulations are designed to reduce the incidence of the aforementioned crimes while helping to mitigate any associated risks. As such, abiding by these regulations should be integral to your company's compliance policies.
What is OFAC and the USA PATRIOT Act? What practical steps can be taken to comply with these and other government regulations while mitigating various forms of risk? You may find Practical OFAC Principles and Practical USA PATRIOT Act Principles helpful in answering these questions.
Compliance with these regulations is often very complex and time-intensive. With advanced identity verification and watchlist screening, Bridger Insight™ XG is designed to help you simplify the complex duty of compliance, while protecting your company's most valuable asset... your good reputation. Bridger Insight XG is our premier USA PATRIOT Act and OFAC compliance solution. |
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