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The economics of the network

Chris Skinner

I often talk about the business model of a bank (or any business) being made up of three major parts: A back office that manufactures the product and administers the service; A middle office where the infrastructure is built to connect the back and front office; and A front office … The post The economics of the network appeared first on Chris (..)

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Managing CRE Risk - What Will Happen to Office Space?

South State Correspondent

Office lending for banks has been one of the better-performing sectors of commercial real estate (CRE) for banks for some time. Even during the pandemic, the credit on office loans is doing surprisingly well. Will it be business as usual post-pandemic? The question arises, what happens in the future?

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Top AML concerns for credit unions: A BSA Officer’s perspective

Abrigo

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. As a Bank Secrecy Act (BSA) Officer, navigating Anti-Money Laundering (AML) concerns has exposed me to the intricacies of safeguarding these institutions.

Training 221
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Tax ID Fraud is Taxing on Financial Institutions

Abrigo

Takeaway 2 FinCEN, the IRS, and law enforcement released a series of red flags BSA officers should know about. So, what role does a BSA officer play in curtailing tax ID fraud? Beyond shielding clients from scams, BSA officers also spot possible tax return fraud cases.

Taxes 195
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BEC Scam Takes $15M In Widespread Attack

PYMNTS

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million. The attacker used Office 365 because of the reduced suspicion and to avoid malicious detection systems, according to the post.

Fraud 183
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Top AML concerns for credit unions: A BSA Officer’s perspective

Abrigo

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. As a Bank Secrecy Act (BSA) Officer, navigating Anti-Money Laundering (AML) concerns has exposed me to the intricacies of safeguarding these institutions.

Training 195
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Top BSA/AML Blog Posts: Cannabis, SARs Topped the List in 2019

Abrigo

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Cannabis-related businesses (CRBs) & SARs. Regulatory change in focus.

Fraud 300