AML System Validations: The Power and Pain of "Front-to-Back" Analysis
in CU Solutions

When it comes to AML system validation, many financial institutions limit their analysis to confirming that the alerts generated by the AML monitoring system (the "back") correspond to transactions from the core system (the "front"). This type of analysis, sometimes called a "back-to-front" analysis, is an important part of an AML system validation effort.

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FASB Proposes Modifying Effective Date of CECL Standard
in Compliance

The Financial Accounting Standards Board (FASB) board has proposed modifying the effective date of its Current Expected Credit Losses (CECL) standard for non-public companies, giving credit unions an extra year to prepare for the new rules.

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CUNA Updates Policy Analysis of Credit Union Tax Status.
in Advocacy

The paper reveals that the tax treatment Congress conveyed on credit unions roughly 100 years ago continues to serve the purpose for which it was created and is one of the best investments that the government makes in its citizens.

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