Is bouncing a check a suspicious activity? Should a report be filed? Does the member have an unusual number of deposits in his checking account? Is he or she in a position to be bribed?
Few could have predicted that among the fallout from the Sept. 11 terrorist attacks four years ago would be a whole new world of rules and regulations with which credit unions would have to comply.
The experts, who readily admit the laws are chock-full of gray area, also are predicting a crackdown-and some potentially large fines-is awaiting credit unions. For smaller CUs, it may be an especially powerful threat. For a look at what both the experts and credit unions say, see pages 10-12.
