Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

DECEMBER 28, 2022

Abrigo's top AML/CFT articles. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 85 unique articles on its industry-focused blog in 2022. Those read most often in the past year include several that offer practical advice for operating AML and fraud programs.

Fraud 195

Fraud Training Compliance Regulation 195

Perficient

DECEMBER 14, 2020

Crisis response, maintaining safe and operational working conditions, mitigating supply chain disruptions, maintaining liquidity, and deftly responding to shifts in the market have emerged as key focus areas for all businesses. Cloud Computing will be Increasingly Regulated.

Technology 348

Technology Trends Software Resources 348

Abrigo

DECEMBER 22, 2023

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. Articles on creating a sound credit risk rating system and preparing for the possibility of new requirements such as the CFPB ruling were among the most-viewed throughout the year.

Lending 221

Lending Risk Management Community Management 221

Perficient

MARCH 3, 2023

In our last article, Starting Down the Road to Supply Chain Visibility , we discussed Perficient’s recommendations regarding processes to provide supply chain visibility. Perhaps regulators will want/need access to satisfy their inquiries. Do internal/external auditors need to know?

blockchain 275

blockchain Management Regulation Resources 275

Abrigo

SEPTEMBER 1, 2021

Would you like others articles like this in your inbox? Danielle Austin-Rios , CAMS also contributed to this article From drug cartels to street gangs, the illegal drug market has been a consistent moneymaker for drug trafficking organizations (DTOs), and there is no end or slowdown in sight. BSA Rules and Regulation.

Training 195

Training Regulation Community Austin 195

PYMNTS

JULY 2, 2020

WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday, according to Reuters.

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social media Payments Operations Data 232

PYMNTS

AUGUST 3, 2020

” Wirecard declined to comment for the FT article. It is unclear whether the bank knew its services were being used to skirt anti-money laundering regulations, the paper reported. ‘Ndrangheta operates from the Calabria region in Southern Italy.

Regional 362

Regional Online Fintech Regulation 362

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? Keep me informed.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

PYMNTS

OCTOBER 27, 2020

UNICAS, as the joint venture is known, will create the first “crypto-friendly financial institution” with brick-and-mortar buildings and operations. UNICAS will begin operations this December, according to the post. The Monetary Authority of Singapore will reportedly regulate the platform.

Bitcoin 267

Bitcoin Industry blockchain cryptocurrency 267

South State Correspondent

APRIL 9, 2024

For example, at the start of 2024 the market expected six interest rate cuts, while at the time of writing this article the market expects only 2.6 NOCRE is already scrutinized by bank regulators. The main reason is that CRE financing is highly levered with minimal ability to lower operation costs or add different revenue streams.

How To 195

How To Community Community Bank Marketing 195

Abrigo

MARCH 22, 2023

Would you like others articles like this in your inbox? Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. It is also beneficial for investigators to understand domestic and international geographical risks. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

Abrigo

MAY 20, 2022

Would you like other articles like this in your inbox? The CAMELS rating is a measure of a financial institution’s risk based on an evaluation and rating of six essential components of its financial condition and operations. What regulators look for in top-down guidance. BSA Rules and Regulation. Evaluating Leadership.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

DECEMBER 10, 2021

Would you like other articles like this in your inbox? This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. Remember, regulators use this instruction manual when they conduct an examination. The importance of updating your AML program.

Training 195

Training Regulation Policies ATM 195

Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. This law will apply to manufacturers, sellers, lessors, and nay business that installs manages, or operates an MLTS. RAY BUAM’S Act.

System 348

System Regulation Texas Compliance 348

Abrigo

JULY 13, 2023

Would you like other articles like this in your inbox? Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3 billion in fraud losses in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

AUGUST 20, 2018

Regulators didn’t destroy A&P in the end. There was one wholesaler for every 43 mom-and-pop operations. A&P’s stated mission was to create and then use its supply chain efficiencies to be the cheapest grocery store in every local market in which it operated. It operated 70 factories and 100 warehouses.

Regulation 105

Regulation Online Innovation Google 105

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

PYMNTS

DECEMBER 1, 2019

EU antitrust regulators are probing Google to see how the search giant uses and monetizes the data it collects on users, Reuters reported on Saturday (Nov. The preliminary investigation is ongoing,” the EU regulator told Reuters in an email. Google was also ordered to modify its operations. 30), citing the European Commission.

Google 151

Google Puerto Rico Data Alabama 151

Abrigo

MAY 19, 2023

Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general. In addition, they should be familiar with pertinent laws and regulations affecting credit and lending activities.

Training 195

Training Lending Risk Management Guidelines 195

South State Correspondent

JUNE 7, 2023

This article details why banks are a special case and then provides our interactive estimate to see what your bank might be eligible to receive. Bank ERC Eligibility To obtain a bank ERC rebate, there’s an extensive set of criteria to establish why and how the pandemic has inhibited each bank’s operations.

Taxes 195

Taxes Meeting Operations ATM 195

Independent Banker

AUGUST 31, 2022

Our senior leadership team took that to heart, and it stuck with us, creating an environment in which compliance plays a significant role in everything from our strategic direction to our daily operations. Regulations are there to require what we do every day as community bankers: protect our customers. My top three.

Compliance 177

Compliance Community Leadership Industry 177

South State Correspondent

JANUARY 16, 2024

BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. The reason for the cessation of BSBY is simple – lack of use.

Community Bank 195

Community Bank Community Compliance CA 195

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. Photo by Alita/Stocksy. By Susan Springer.

Oregon 91

Oregon Community Bank Community Meeting 91

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. Because the article represents one of the few regulatory perspectives on this issue, we highly recommend that financial institutions read it.

Lending 130

Lending social media Compliance Regulation 130

CFPB Monitor

APRIL 5, 2019

The California Department of Business Oversight has sent an email to servicers notifying them of the publication of its final student loan servicer regulations , which became effective March 28, 2019. Servicers have been operating without final rules since the Student Loan Servicing Act became effective on July 1, 2018.

California 68

California Regulation Compliance Operations 68

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. The Expectation for Resilience.

Meeting 52

Meeting Operations Customer Experience Technology 52

Celent Banking

JULY 4, 2016

Nor did they invoke Article 50 (more of which in a second) which has never been used. Particularly as Article 50 is not very precise. The first step is for the UK to activate Article 50 which effectively formally starts the process. Until Article 50 is signed, the UK is still in Europe, and everything continues as they do today.

Regulation 124

Regulation Guidelines Examples Cards 124

Abrigo

DECEMBER 23, 2022

Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? Th e article is intended for the ALM rookie who wants to understand ALM basics: the process and its usefulness. Learn more. Keep me informed.

Resources 195

Resources Risk Management Study Strategy 195

Abrigo

SEPTEMBER 21, 2023

Would you like other articles like this in your inbox? Each time the traveler enters a new invisible boundary between mobile operators or wireless networks, it is likely that they are receiving a new IP address for their mobile device. Internet bank fraud is here to stay; learn how to detect and stop it.

Fraud 195

Fraud Software Mobile Online 195

Abrigo

JUNE 14, 2021

Would you like others articles like this in your inbox? Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. BSA Rules and Regulation. BSA Rules and Regulation. persons Exporting or re-exporting U.S.-origin Learn More.

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

MARCH 7, 2018

Reuters reported news that the price of the marquee name in cryptocurrencies dipped as low as $9,450 in intraday trading when the Securities and Exchange Commission (SEC) announced there were “potentially unlawful” systems operating that allow the trading of cryptocurrencies.

Bitcoin 108

Bitcoin cryptocurrency Regulation Security 108

PYMNTS

JUNE 29, 2020

Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request. A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

AUGUST 18, 2019

He allegedly started getting donations in late May from five Amazon senior executives, the article said. Amazon’s CEO of Worldwide Consumers Jeff Wilke, general counsel David Zapolsky, SVP of Worldwide Operations Dave Clark, and SVP of North America Consumer Doug Herrington contributed $2,800 each, the maximum donation allowed.

Policies 124

Policies Apple Google Maine 124

Abrigo

AUGUST 1, 2022

Would you like other articles like this in your inbox? Takeaway 2 Even small banks or credit unions not regulated by the Federal Reserve are required to address control risks from models. MRM and model validation regulations. Effective challenge is a requirement for banks regulated by the Federal Reserve or OCC.

Risk Management 195

Risk Management Management Regulation Analysis 195

Abrigo

JULY 7, 2021

Key points in this article include: Risks exist in states where canabis is illegal > LEARN MORE Ensuring compliance when not servicing CRBs > LEARN MORE Determine your tier of acceptance > LEARN MORE Banking hemp vs. marijuana vs. CBD > LEARN MORE The gray area of banking CBD > LEARN MORE.

Compliance 195

Compliance Operations Regulation United States 195