The FFIEC and CFPB are urging credit unions to identify and monitor high-risk activity, but evidencing that it is being performed is even more critical. With a booklet from AuditLink, your credit union can be confident in configuring the abnormal activity monitoring tool to identify transactions outside of the range of what is considered normal. This booklet also describes how to incorporate the use of other CU*BASE features, such as the Member Tracker System and Due Diligence Codes for documenting and providing evidence in the review of suspicious activity.
Written with BSA compliance staff in mind, this booklet is designed to help your organization with configuring and monitoring the Member Groups option within the Abnormal Activity Monitoring toolset. To order your FREE copy, click the button below to visit our online store!