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Credit unions under pressure to meet deadline

Credit unions are feeling the pressure as they race to meet a September deadline with the Organisation for Economic Co-operation and Development (OECD) over anti-money laundering and anti-terrorism compliance. Chairman of the Board of Directors of the Police Co-operative Credit Union Ltd, Hally Haynes, said on Thursday it would cost the credit union upwards of $40 000 for staff training and upgrading of its data systems. Addressing the annual general …

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