WESTBURY, N.Y. - (04/19/06) -- Nassau Educators FCU said it hasexpanded its USA PATRIOT Act capabilities to include full-servicemonthly searches of the Office of Foreign Assets Control database.The $960 million credit unions aid it chose BANKDetect'sRisk-Tracker-OFAC this month to help it comply with Bank SecrecyAct requirements. The BSA requires all financial institutions toscreen new customers and periodically screen existing customers forpotential criminal ties. BANKDetect is a unit of Churchton,Md.-based FRAUDetect LLC., a privately held company.
Nassau Educators FCU SupplementsAnti-Terrorism Bid With BANKDetect
April 19, 2006, 1:00 a.m. EDT 1 Min Read
