CFPB Monitor

MARCH 12, 2019

The FTC has issued its 2018 Consumer Sentinel Network Data Book. For 2018, imposter scams top the list of reported complaint categories, accounting for 18% of the almost 3 million consumer reports summarized in the Data Book. Credit card fraud was the most common type of identity theft report. declined by 24% from 2017.

Nevada 74

Nevada Georgia Florida Delaware 74

Gonzobanker

JANUARY 5, 2018

In 2018, contact center managers should start with a focus on “small data.” In 2018, contact centers should aspire to become the internal hub and standard-bearer for utilizing customer data. Most financial institutions have an intranet solution in place, and 2018 should be the year this investment is put to work.

Data 60

Data Policies Tools Management 60

CFPB Monitor

JULY 6, 2021

The Priorities, listed according to FinCEN “[i]n no particular order,” are as follows: Corruption; Cybercrime; Domestic and international terrorist financing; Fraud; Transnational criminal organizations; Drug trafficking organizations; Human trafficking and human smuggling; and. The Priorities and Their Utility. Proliferation financing.

United States 78

United States Fraud Regulation Compliance 78

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. Keeping up with updates as the Anti-Money Laundering Act (AMLA) regulations and guidance are issued will be critical in keeping your AML and fraud programs up to date.

Training 195

Training Regulation Policies ATM 195

PYMNTS

NOVEMBER 5, 2019

The latest entrant to the government-issued digital ID scene is France, which recently announced a new national identification program that leverages facial recognition biometrics to verify citizens’ identities. Synthetic identity fraud continues to grow, but far slower than when it ran rampant in 2015 and 2016. billion in Q2 2019.

Data 101

Data Fraud Security Trends 101

Abrigo

JULY 17, 2019

Cybercrime is on the rise within financial institutions and other businesses and continues to be at the forefront of the minds of those in the fraud prevention field. Although not all of the following types of fraud are fully internet-based, the IC3 statistics represent the cybercrime side of these crimes.

Fraud 150

Fraud Training Software System 150

Abrigo

DECEMBER 20, 2021

Inadequate staffing: The lack of technological and human resources will result in deficiencies in an AML program. You must have adequate human and technical resources to implement a sound AML program properly. The AML Act of 2020 will more than likely overhaul the 2018 CDD rule with stricter beneficial ownership requirements.

Resources 195

Resources Texas Analysis System 195

PYMNTS

JANUARY 23, 2020

The investigation was launched in 2018. He added that dos Santos will be charged along with four Portuguese nationals who were her business associates. The United Nations Office on Drugs and Crime indicates that money laundering is estimated to be a $2 trillion problem that is global in scope. Eurobic said on Monday (Jan.

National 131

National New York Conference Resources 131

Abrigo

JULY 23, 2021

North Korea has been silently ramping up their nuclear capabilities for years despite increasingly tough comprehensive United Nations sanctions in place since 2006 that have banned most of the country’s exports and severely limited its imports. from the treaty and re-instated comprehensive sanctions in 2018. Since the U.S.

National 195

National Training United States Regulation 195

Abrigo

APRIL 26, 2022

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. Kleptocrats steal the public’s wealth for personal gain and use their positions of power and access to state-owned resources for their benefit. financial system. financial system.

Training 195

Training Regulation System National 195

William Mills

MAY 9, 2018

Welcome to FinovateSpring 2018. What if improving security was rewarding for consumers and super simple to do – while the payments ecosystem saw reduced fraud and new revenue opportunities? Today, they understand why something is important and what action to take using company resources. ^WM. Presenters: Majd Maksad.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

FEBRUARY 4, 2019

Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight. The United Nations Office on Drugs and Crime (UNODC) estimates the market for global money laundering is worth approximately $2 trillion per year.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Compliance 148

Compliance Innovation FDIC Examples 148

Abrigo

MARCH 24, 2021

Opening the year with a bang, on January 1, 2021, the Anti-Money Laundering Act of 2020 (AMLA) became law as part of the National Defense Authorization Act. Attention and resources directed toward higher-risk customers and activities consistent with the risk profile of the institution, rather than lower-risk customers and activities.

Regulation 195

Regulation Training Study Policies 195

PYMNTS

MARCH 25, 2020

as to the role of eInvoices and standards to drive efficiency in government and B2B procurement and payments, to combat fraud, and to promote cost savings and environmental resourcefulness through the reduction of paper waste. “The problem for U.S.

Software 100

Software Examples Industry Regional 100

Independent Banker

OCTOBER 1, 2022

There’s also been significant changes to cyber insurance, including increases in premiums and deductibles,” says Anna Kooi, national financial services leader in the Chicago office of Wipfli LLP. ICBA has many resources banks can use to enhance their own information security program. Shore up your data privacy with ICBA.

Data 91

Data How To Community Bank California 91

FICO

DECEMBER 21, 2018

It’s an understatement to say that 2018 was a year of blockbuster data breaches : Facebook, Marriott, Ticketmaster and British Airways, to name just a few. Chamber of Commerce announced the first national cybersecurity assessment , called the Assessment of Business Cybersecurity (ABC). Biometrics are neither fool-proof nor fraud-proof.

Cyber Security 40

Cyber Security Comparison Policies Data 40

CB Insights

JULY 25, 2019

Startups are now eyeing opportunities to develop fintech services aimed at helping older individuals improve their financial well-being, from estate planning to fraud prevention, aiming to provide this potentially lucrative — and increasingly tech savvy — demographic with more power over their finances. Source: Deloitte.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

JUNE 19, 2016

Visa] has demanded that we allow fraud-prone signature verification for debit transactions in our U.S. That funding will both help some VARs and acquirers with specific resource needs, but more importantly the funding will also mean software can be pre-certified in a manner that will lower subsequent testing.

Retail 100

Retail Cards Data Atlanta 100

Independent Banker

SEPTEMBER 30, 2021

National banks. Source: The Harris Poll, 2018 survey. For example, community banks can create webpages providing resources for addressing identity theft from the FBI and regulators (see icba.org/solutions/operational-risk ). That’s where a third party like a solutions vendor may help community banks, he adds. Elizabeth Judd.

Community 139

Community Community Bank social media Security 139

FICO

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. lending decisions (Mercator Advisory Group Analyst Report 2018).

Report 59

Report Payments Cards Data 59

PYMNTS

JULY 25, 2019

Roughly 40 countries had real-time payment systems in place in 2018, and many more are currently working to provide them. This gives firms access to the Single Euro Payments Area’s Instant Credit Transfer (SCT Inst) scheme through an enterprise resource planning system.

Payments 160

Payments System Tools Examples 160

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. Declared Bankruptcy: 2018.

Apple 78

Apple Branding Google Company 78

CB Insights

MARCH 6, 2019

And its not just the companies with relatively few resources that bite the dust. Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Table of Contents. Powa Technologies. Takeaways & lessons.

Report 78

Report San Francisco Capital New York 78

CB Insights

JULY 23, 2020

Companies will have to look to guidelines from local and national authorities for each office location. For example, in 2018, 23andMe entered a $300M deal to sell data to drug giant GlaxoSmithKline, while in 2019, MyHeritage experienced a data breach that exposed details from 92M+ accounts. Track store checkout tech startups.

Meeting 101

Meeting Tools Company Survey 101