OKANAGAN, B.C.–Employees have gone on strike at two unionized branches of VantageOne Credit Union.
THE globe
CU News From Around the Planet
DUBLIN, Ireland – An Garda Síochána, the national police service of Ireland, has identified 659 money mule accounts, six money mule recruiters and prevented the estimated loss of €1.8 million as part of the European Money Mule Action “EMMA 6” worldwide operation against money mule schemes, which ran from September to November.
RIYADH, Saudi Arabia—Leaders of the G20 reiterated their commitment to following anti-money laundering policy measures recommended by the Financial Action Task Force (FATF), which stressed their importance amid the COVID-19 pandemic at a recent summit hosted by the Saudi presidency.
CORK, Ireland–Saying it is responding to the surge in member savings, one credit union here is implementing a transaction charge for members who want to access their savings accounts.
LONDON—Global spend on anti-money laundering (AML)/Know-Your-Customer (KYC) and related financial crime and compliance activities is projected to total a record $1.2 billion in 2020, according to two new research reports published by Burton-Taylor International Consulting.
ZURICH, Switzerland–Three countries have made new announcements around their plans and views on digital currencies.
NEW YORK—For the third year in a row, global compliance with the standard for storing and transmitting credit card information has plummeted, according to a new study.
BRUSSELS–Members of the European Network of Credit Unions (ENCU) were told to expect the gross domestic product (GDP) of the European Union (EU) to contract by 7.4% in 2020, while EU unemployment will hit a high of 8.6% next year.
TORONTO–The government of Ontario has unveiled a new budget that is accompanied by a comprehensive modernization of the Credit Union and Caisses Populaires Act.
MADISON, Wis.–The World Council of Credit Unions’ 2021 World Credit Union Conference, which had been scheduled to be held in Glasgow, Scotland from July 11-14, 2021, will now be hosted virtually. The online event will take place from July 14-21, WOCCU said.