How should credit unions report all positive matches to the 314(a) requests?

Reporting all positive matches to the 314(a) requests through the Secure Information Sharing System (SISS) is the correct approach as it ensures secure and proper communication with the authorities responsible for tracking potential money laundering and terrorist financing activities.

The SISS is designed specifically for this purpose, providing a secure channel for sharing sensitive information among financial institutions and law enforcement agencies. This systematic approach enhances the efficiency and confidentiality of the information shared, which is crucial in combating financial crimes.

Using alternative methods like written letters or phone calls may not provide the same level of security or may not be streamlined for immediate processing of information. Options such as internal email notifications are not appropriate for regulatory reporting as they may lack the security necessary for transmitting sensitive data and do not go through official channels defined by compliance regulations. Therefore, utilizing the SISS aligns with compliance protocols and ensures that all required information is shared in a manner that meets regulatory standards.