Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Takeaway 3 Banks and credit unions considering regtech should make sure their provider is adaptable and their institution is ready for implementation. Regtech in banking can be used in a variety of ways to enhance monitoring, reporting, and compliance.

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Technology Fraud Compliance Regulation 195

Perficient

FEBRUARY 27, 2021

This morning I was sipping on my cup of coffee and browsing through Microsoft’s Learn page when I stumbled upon a few new certifications and exams around Microsoft Security and Compliance ! If you’re a Security Engineer responsible for threat management then this certification is for you!

Compliance 322

Compliance Security Branding Policies 322

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 195

Training Compliance Fraud Policies 195

Abrigo

FEBRUARY 14, 2024

WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents. Takeaway 3 Make sure to incorporate professional development into the plan. Abrigo's BSA/AML software can help you manage customer or member relationships and stay compliant.

Training 195

Training Fraud Compliance Regulation 195

Perficient

FEBRUARY 1, 2021

In today’s blog, we’ll discuss some of the latest and greatest features around Teams collaboration, meetings, calling, and security/compliance! Looking for an easy way to create, manage, and share approvals without even leaving Teams? The 3 options include: Disabled. Security and Compliance Updates.

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Meeting Compliance Cards Security 322

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Takeaway 3 Recommended reports on AML and fraud metrics for the board include those on high-risk customers and trends on types of fraud and suspicious activity seen.

Compliance 195

Compliance Fraud Report Trends 195

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. These fees are often unclear and fluctuating, creating significant administrative burdens for firms managing multiple funds. This results in stronger supplier relationships, enhanced compliance and audit, and timely payments.

Training 221

Training Strategy Exercises Data 221

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. These fees are often unclear and fluctuating, creating significant administrative burdens for firms managing multiple funds. This results in stronger supplier relationships, enhanced compliance and audit, and timely payments.

Training 221

Training Strategy Exercises Data 221

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Member firms are responsible for keeping written inspection records on file for a minimum of 3 years, or until the next inspection report has been completed. Reduction in inspection frequency from annually to every three years.

Compliance 221

Compliance Risk Management Regulation Industry 221

Abrigo

DECEMBER 28, 2022

Takeaway 3 Tips for writing Suspicious Activity Reports (SARs) are always popular, and this year was no different. . Cybercrime, sanctions compliance, and cryptocurrency troubles are bound to be trends for anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud professionals to track in the coming months.

Fraud 195

Fraud Training Compliance Regulation 195

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

Abrigo

DECEMBER 19, 2022

Takeaway 3 Writing compelling SAR narratives and identifying PEPs is easier after reading these resource materials. . Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Takeaway 3 ThinkBIG conference sessions can help bank and credit union professionals earn required credits for continuing education. Reasons to attend Why the ThinkBIG conference?

Conference 195

Conference Arizona Phoenix Fraud 195

Abrigo

JUNE 8, 2021

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Takeaway 3 There are a lot of things financial institutions can glean from Deutsch Bank's violations and the OFAC Framework. .

Compliance 195

Compliance Software Case Study Payments 195

Abrigo

JULY 21, 2022

Teaching branch staff these KYC tips can aid CDD compliance BSA Officers can help tellers and other branch staff learn how to ask questions that both foster relationships and support CDD compliance. . But they can also help your BSA team by supporting Know Your Customer (KYC) and Customer Due Diligence (CDD) compliance. .

Compliance 195

Compliance Training Fraud Examples 195

Abrigo

FEBRUARY 14, 2023

Takeaway 3 Lenders will need to collect 20+ data points on each application from businesses with $5 million or less in gross annual revenue. Abrigo will add functionality to our commercial loan origination system to support upcoming compliance requirements once the final decisions have been made on the CFPB side.

Data 195

Data Lending Compliance Resources 195

Abrigo

FEBRUARY 8, 2022

What NBFIs Should Know About Their AML Programs NBFI AML compliance requirements are top of mind in today's regulatory environment. Takeaway 3 The FinCEN Priorities specifically state that each priority applies to NBFIs in addition to traditional financial institutions. . NBFIs’ AML compliance requirements. DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. Takeaway 3 The earliest deadline requires financial institutions to begin collecting data Oct. Takeaway 3 The earliest deadline requires financial institutions to begin collecting data Oct. 1, 2024, is the earliest compliance deadline.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

MAY 19, 2023

Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance. Takeaway 3 Consider how much your bank or credit union's resources can support while meeting regulatory expectations.

System 195

System Regulation How To Lending 195

Abrigo

MARCH 24, 2023

Takeaway 3 There are eight key areas to aid in analyzing each risk factor as part of the BSA/AML risk assessment. Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools.

Fraud 195

Fraud Compliance Examples Analysis 195

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. But fear not, compliance-conscious compadres.

Compliance 109

Compliance FDIC Strategy Fintech 109

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Takeaway 3 Enlisting alternative staffing resources and investing in AML software that reduces manual labor are two additional strategies to ease staffing changes.

Training 195

Training Fraud Leadership Resources 195

Abrigo

MAY 9, 2022

Best Practices for Third-Party BSA/AML Assistance Collaborating with a third-party BSA/AML vendor can save time and money when it comes to sanctions compliance. Takeaway 3 Utilizing a third-party vendor can help your BSA/AML program tackle its workload while mitigating regulatory criticism. Critical Responsibility. Additional Staff.

Compliance 195

Compliance Fraud Regulation Resources 195

Abrigo

APRIL 7, 2022

Takeaway 3 Short-term benefits are alluring, but a merger or acquisition is a long-term investment that requires careful management. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated. Consolidation Trends. Mergers & acquisitions are on the rise. A Good Match?

Compliance 195

Compliance Policies Fraud Analysis 195

Perficient

NOVEMBER 20, 2020

Demonstrate fundamental knowledge of Microsoft 365 security and compliance capabilities. Demonstrate fundamental knowledge of Microsoft 365 business management capabilities. Azure Fundamentals part 3: Describe core solutions and management tools on Azure. Certification Page. Learning Paths. Pluralsight Courses.

Course 332

Course Compliance Security Resources 332

South State Correspondent

JULY 19, 2023

In an inverted yield curve, a bank can use an interest rate swap to increase yield by 0.75% to 1.50% and earn 1% to 3% of hedge fee income. Regulatory compliance and reporting can be complex and confusing. There is no additional reporting or regulatory compliance for the lender or the borrower.

Community Bank 195

Community Bank Community Compliance Marketing 195

Abrigo

JUNE 2, 2021

Takeaway 3 BSA exam plans should include a review of the common themes and hot topics showing up in recent examination criticisms. Does it address a “culture of compliance”? Culture of compliance. This includes compliance from top, to middle, to frontline leadership. Review Regulatory Material. Calibration.

How To 195

How To Training Compliance Policies 195

Abrigo

DECEMBER 22, 2023

Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list.

Lending 221

Lending Risk Management Community Management 221

Abrigo

DECEMBER 17, 2021

Takeaway 1 Strengthen your financial institution's culture of compliance through a staffing assessment. Takeaway 3 Proper planning is the key to a successful BSA program, especially with the unknowns coming around the corner. . Small, low-risk institutions may have one compliance officer to run all compliance functions, including BSA.

Compliance 195

Compliance Training Fraud Resources 195

Perficient

MARCH 22, 2021

Managed service offerings (MSO) is the department in an organization responsible for all application support activities. Typically, MSO tracks and reviews weekly report on the following deliverables: Incident, problem, and change management. SLA compliance based on incident priority. Level 3: Enhancements. Value addition.

Analysis 294

Analysis System Groups Knowledge Base 294

Banking Exchange

FEBRUARY 24, 2020

The bank’s $3 billion fine was accompanied by penalties totaling $21 million for three former executives for their roles in the scandal that ran for 15 years Compliance People Customers Compliance Management Compliance/Regulatory Duties Financial Trends AML & Fraud Human Resources Feature Management Feature3 Community Banking.

Compliance 78

Compliance Community Bank Resources Fraud 78

PYMNTS

JANUARY 22, 2020

“Experience counts when tight deadlines and project complexity raise the stakes,” said Uwe Härtel, Central Europe country manager at Entersekt. “We It is said that the 3-D Secure solution can be implemented in a short amount of time. According to the release, Netcetera rolled out the solution before the September 2019 deadline. “We

Security 214

Security Payments Cards Fraud 214

Abrigo

DECEMBER 7, 2021

Takeaway 3 There are 7 key areas to aid in analyzing each risk factor as part of the BSA/AML risk assessment. Inherent risk is any activity or factor posed to the financial institution, notwithstanding applying any management or risk mitigation tools. A "high" inherent risk would be scored 3.

How To 195

How To Fraud Analysis Compliance 195

Gonzobanker

AUGUST 17, 2022

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here. Core is Still Core (Curriculum).

Fintech 198

Fintech Lending Software Compliance 198

Abrigo

NOVEMBER 1, 2021

Takeaway 1 BSA and fraud functions have historically been siloed, and IT has been external to compliance. Takeaway 3 Cyberattacks are also on the rise, lending even more importance to communication and collaboration among the BSA, fraud, and IT functions. Increased cybercrime requires all three to collaborate.

Fraud 195

Fraud Video Training Compliance 195

Abrigo

JANUARY 3, 2024

Takeaway 3 Business customers and members need help understanding the changes tied to ownership reporting. 35 million companies Educate clients on BOI changes and fraudsters As noted above, financial institutions are not responsible for client compliance with beneficial ownership information reporting.

Fraud 221

Fraud Regulation Report Compliance 221

Abrigo

MAY 19, 2023

Takeaway 3 Consider what your financial institution can do to give junior loan reviewers experience in various aspects of banking to relieve senior staff. Loan review management needs to scale back its expectations of pre-existing skills for new recruits and to take on more responsibility for training its own.

Training 195

Training Lending Risk Management Guidelines 195