2022 Exam Focus

DCU Bulletin B-22-02 2022 Exam Focus The Washington State Department of Financial Institutions, Division of Credit Unions, released B-22-02 Initiatives and Exam Focus for 2022. The Bulletin describes the DCU’s current initiatives and what examiners will be looking for when conducting annual reviews of state-chartered credit unions during the year. The DCU will use a hybrid approach to exams with … Read More

BSA Civil Money Penalty

In November, FinCEN, along with the OCC, imposed an $8 million BSA Civil Money Penalty against a Texas Bank for willful violations of the Bank Secrecy Act regulations. While the Consent Order leaves a number of questions unanswered, it does provide examples of the violations.  In this post we highlight what we consider to be some of the most relevant … Read More

December’s Regulatory Recap

December’s Regulatory Recap is now available.  It contains regulatory updates, such as the annual Regulation Z threshold adjustments, new guidance released, including the CFPB’s Supervisory Highlights, and other actions taken by the banking supervisors. Our auditing schedule is filling up for 2022.  Contact us now to get on our schedule. Please be advised that CSG provides financial services compliance audit and … Read More