Credit Unions and COVID-19 Regulators Perspective Nigel Stoddard FIUTT

CIPRIANI COLLEGE OF LABOUR AND CO-OPERATIVE STUDIES WEBINAR CREDIT UNIONS AND COVID-19: THE RESPONSE OF REGIONAL REGULATORS by Nigel Stoddard (Director (Ag.) Financial Intelligence Unit) IMPACT OF COVID-19 ON THE AML/CFT REGIME AML/CFT Supervisory Authority:   Temporary suspension of onsite AML/CFT/PF examinations   Scale down of desk-based AML/CFT/PF examinations   TemporarysuspensionofEnforcementHearing   Temporarysuspensionofoutreachsessions(online awareness sessions)…

Credit Unions and COVID-19 Regulators Perspective David Moe CDD

CO-OPERATIVE DEVELOPMENT DIVISION Operates under the Ministry of Labour and Small Enterprise Development   Headed by the Commissioner for Co-operative Development (Ms Andrea Mc Kenna – ActingCCD)   Authority derives from Co-operative Societies Act Chapter 81:03 (1971)   Approximately 50 Co-operative Officers and 50 Support Staff comprise the staff of the Division   Responsible for the Supervision…

Credit Unions and COVID-19 Regulators Perspective Claudius Lestrade FSU

FINANCIAL SERVICES UNIT DOMINICA Impact on members: Reduced or zero earnings Live off savings Savings may be low and further offset by health costs Inability to make loan payments Impact on credit union: Increased non-performing loans Reduced loan interest income Increase in loan loss provisioning Reduction in capital position Liquidity issues (Savings withdrawals) • Negative impact on growth…

PANDEMIC CHECKLIST

List should be used in addition to daily checklist during high alert medical events  Use Clorox, disinfectant wipes daily to complete the following at least 3 times daily   Mid- Morning  Afternoon  End of Day  Wipe All door knobs (front door, bathroom, kitchen, teller doors, office doors, etc.) Wipe Light Switches, Alarm keypad,  Wipe all…