Regulatory Compliance
With so many different laws and regulations affecting the products and services offered by credit unions, ensuring compliance in all areas is a daunting task. GBQ offers a cost effective Regulatory Compliance Audit Service to provide your credit union with the opportunity to have areas of Regulatory Compliance reviewed, to ensure compliance with credit union laws and regulations that affect your operations.
The review process has been developed to test regulatory compliance with respect to internal policies, procedures, documentation and disclosures. We will issue a report explaining our procedures and any findings and recommendations we may have for your credit union.
- Bank Secrecy Act, USA Patriot Act, Office of Foreign Assets Control (OFAC) compliance
- ACH compliance with NACHA Operating Rules and related Regulations
- Internet-Banking (Esign) Compliance
- IRS Information Reporting and Withholding Regulations
- Privacy Regulations
- Truth-in-Savings Act
- Electronic Funds Transfers Act
- Funds Availability Act compliance
- Consumer Lending
- Real Estate Lending compliance
Please contact Karen Janota at kjanota@gbq.com or 614.419.3711 to discuss in more detail.