Financial institutions will be allowed to share resources to help comply with Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements.
The National Credit Union Adminstration (NCUA), the Fed and other agencies recently issued a joint statement to address instances in which credit unions and banks may wish to share resources.
Read on for details from the joint statement discussing the benefits and risk of collaborative arrangements.
TO READ THE FULL STORY
Cover Story: