2018 Leadership Regulation Resources 
Abrigo
JUNE 10, 2020
Adequately staffed and risk-focused AML resources with good documentation are critical. Adequate, risk-focused AML resources are critical. Get adequate resources. The regulators don’t care what your budget is,” Luttrell says. Focus BSA/AML resources on risk. The recent $450,000 fine of U.S.
Abrigo
FEBRUARY 10, 2023
Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive.
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Abrigo
DECEMBER 10, 2021
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. This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. BSA Rules and Regulation.
PYMNTS
MAY 28, 2019
While the FRC is expanding its oversight, some have called for the creation of an entirely new regulator to address potential shortcomings in the auditing sector. The FRC has already increased the number of audit quality reviews from 126 in 2014 to 160 in fiscal year 2018.
PYMNTS
FEBRUARY 19, 2019
months in the first half of 2018, from 5.6 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. According to Powell, the Fed’s resources to tackle this issue can only go so far. months in the first half of 2017.
NCR
APRIL 30, 2018
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.
FICO
JANUARY 13, 2020
In 2018, the DC Circuit Court of Appeals issued a ruling which struck down or vacated, in part, a previous 2015 Declaratory Ruling and Order made by the Federal Communications Commission (FCC). While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., by Daniel Nestel.
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