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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. Prepare Next steps in CTA rulemaking The next expected rulemaking will revise FinCEN’s customer due diligence (CDD) rule to reconcile differences between the 2018 CDD rule , which is currently in effect, and the new final rule.

Fraud 195
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Ensuring AML Programs Minimize Personal Liability

Abrigo

Adequately staffed and risk-focused AML resources with good documentation are critical. Adequate, risk-focused AML resources are critical. Get adequate resources. You must find a way to get the resources, and I think that message is coming around loud and clear these days.” Focus BSA/AML resources on risk.

Resources 195
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NASA Gets Hacked

PYMNTS

The ongoing investigation is a top agency priority, with senior leadership actively involved. ” Employees who were hired, transferred or left the agency from July 2006 to October 2018 may have been affected by the hack, although NASA isn’t sure how many people were impacted. .” This process will take time.

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FFIEC BSA Exam Manual Updates: How Do They Affect Your Anti-Money Laundering (AML) Program?

Abrigo

This release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency within sections of this valuable resource. The operations, activities, leadership, and affiliations of the customer play a factor in specific risks, particularly with foreign activity in and with areas of concern.

Training 195
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How can banks achieve their digital transformation goals?

NCR

According to the EY Global Banking Outlook 2018 , more than six out of ten banks (62 percent) hope to be either digitally maturing or a digital leader by 2020. Capgemini has digital transformation as its top trend for retail banks in 2018, with competition, customer expectations and cost efficiency the key drivers.

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CFPB Ombudsman’s Office Releases Its Seventh Annual Report

CFPB Monitor

Last week, the CFPB Ombudsman’s Office released its seventh annual report covering the Office’s activities during fiscal year 2018. In the annual report, the Office provides examples of its work in the 2018 fiscal year and discusses the types of internal and external engagement in which it has participated during that period.

Report 60
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Stripe is also pursuing some more unexpected offerings, including resources to help companies build their own internal analytics tools, and Stripe Atlas, which helps entrepreneurs create US-incorporated businesses in minutes. Leadership and board members. Fraud prevention tools. Company Leadership & Board Members.

Online 98