The Cybersecurity and Infrastructure Agency should work closely with the NCUA to coordinate cyber incident reporting in a manner least duplicative for credit unions, America’s Credit Unions Director of Innovation and Technology Andrew Morris wrote to CISA Wednesday. CISA issued proposed rules to implement requirements in the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA), …
The Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation of weapons of mass destruction (AML/CFT/CPF), updated its lists of jurisdictions with strategic AML/CFT/CPF deficiencies. Monaco and Venezuela are added to its list of Jurisdictions Under Increased Monitoring …
The NCUA issued one consent order and two prohibition notices in June, permanently prohibiting the individual previously associated with credit unions from any future participation in the affairs of a federally insured depository institution. Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Details …
