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Ensuring AML Programs Minimize Personal Liability

Abrigo

Adequately staffed and risk-focused AML resources with good documentation are critical. LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said.

Resources 195
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SWIFT Selects Javier Pérez-Tasso As New CEO

PYMNTS

The firm conducted a comprehensive and diligent search for a new CEO, led by the board’s human resources committee and advised by an independent search firm. “I He was also an executive sponsor of SWIFT ’s customer security program from 2016 to 2018, and helped lead SWIFT’s response to cyber challenges facing the payments industry.

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The Corporate Transparency Act in 2023: Beneficial ownership registry updates

Abrigo

Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Keeping your board of directors and executive management informed on AML/CFT trends and their importance will help ensure that you have a strong culture of compliance that starts at the top.

Fraud 195
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CFPB Fall 2018 rulemaking agenda confirms plans to consider rulemaking on “abusiveness” standard

CFPB Monitor

The CFPB’s Fall 2018 rulemaking agenda has been published by the Office of Information and Regulatory Affairs (OIRA) as part of its Fall 2018 Unified Agenda of Federal Regulatory and Deregulatory Actions. It represents the CFPB’s second rulemaking agenda under the Trump Administration and Acting Director Mick Mulvaney’s leadership.

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Finovate Spring 2018 – Day 2

William Mills

Welcome to FinovateSpring 2018. Our Actionable Intelligence Management solutions help banks and mortgage companies streamline and automate manual processes, seize new business opportunities and manage compliance, all while transforming the customer experience. I’m here at the Santa Clara Convention Center covering the demos.

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CFPB publishes Spring 2019 rulemaking agenda

CFPB Monitor

It represents the CFPB’s first rulemaking agenda under Director Kraninger’s leadership. The preamble referenced the CFPB’s May 2018 statement that was issued following such Congressional disapproval in which the CFPB announced that it was reexamining the ECOA requirements.

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How Lenders Can Better Support Small Business Growth in their Communities

FICO

Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. Small business lending was strong in 2018 and pro small business growth policies have been conducive to that growth.