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Fellow Co-operators across the Caribbean, the CCCU as the Regional Umbrella Body for Credit Unions, would like to express our solidarity to our brothers and sisters in St. Vincent and the Grenadines, who are right now being affected by the eruptions of the La Soufriere Volcano. We ask that we all join in solidarity with…
Since the start of the COVID-19 pandemic, companies around the world have shifted their employees to a work-from-home (WFH) strategy. As we continue our interactions with companies around the world, we have noted that, in the rush to ensure employees remain productive, key cybersecurity issues have been overlooked. This has created an untenable situation for…
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)…
CUS & COVID – 19 – RESPONSES OF REGIONAL REGULATORS Presented By – Denis Felix Executive Director (Ag) CCCU / CCLCS Webinar OUTLINE OF PRESENTATION Status of Credit Union Sector Objectives of Supervision Adjustments made to Supervision due to COVID – 19 Areas of Current Supervisory Focus Follow up & Next Steps STATUS OF THE CREDIT UNION AS AT…
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…
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…
World Credit Union Conference BAH
RiskCALM4™ Solution Benefits for Each Credit Union RiskCALM4™ is a fully integrated loan and deposit platform that addresses the new IFRS 9 requirements and features these benefits. Technical Benefits Infrastructure Management: provides and maintains the servers, operating system, application server and database Security via firewalls, intrusion detection and encryption Operating system patching and upgrades Database…
Caribbean Credit Union Young Professionals Shine At the 2017 Conference of the World Council of Credit Unions held recently in Vienna, Austria two (2) young credit union professionals from the Caribbean were awarded two of the five scholarships granted, to attend an all-expense paid trip to the 2018 World Credit Union Conference in Singapore. Ms.…
CO-OPERATIVES: RESHAPING CARIBBEAN SUSTAINABLE DEVELOPMENT Address By CCCU’s President Mr. Aaron Moses To The Opening Of The 60th Annual International Convention, Varadero, Cuba, June 17, 2017 Ladies and gentlemen, I welcome and greet you with tremendous expectation and enthusiasm for yet another engaging, interactive and rewarding cooperative experience. I want to particularly welcome those of…
