Also: Access NAFCU's marijuana banking brief for recent developments; FinCEN proposes closing some AML gaps
NAFCU TODAY | The News You Need Daily.
December 22, 2020
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New relief package includes CU wins [ [link removed] ]
Both the House and Senate Monday night passed the Phase 4 coronavirus relief and fiscal year 2021 funding omnibus package, which the president subsequently signed. There are several NAFCU-sought provisions included in the package that will provide additional support for credit unions and their 123 million members.
New marijuana banking brief details recent developments [ [link removed] ]
NAFCU has a new version of its marijuana banking brief available online to provide credit unions with comprehensive updates on IRS guidance, litigation, federal legislative efforts, and state-level marijuana laws.
FinCEN proposes closing AML gaps for convertible virtual currency, digital asset transactions [ [link removed] ]
The Financial Crimes Enforcement Network (FinCEN) Friday issued a proposed rule aimed to close anti-money laundering (AML) regulatory gaps for certain convertible virtual currency (CVC) and digital asset transactions. The proposal would require banks and money services businesses (MSBs) to submit reports of transactions involving CVC and digital assets with legal tender status (LTDA) over $10,000.
Use 'HOLIDAY' to save on NAFCU's online training programs [ [link removed] ]
Through Jan. 8, credit unions can use the code HOLIDAY to save $300 on NAFCU's online training subscriptions. The association's Online Training Center provides credit unions with the best online training and education opportunities, with new webinars tackling hot topics and changing regulations throughout the year.
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