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. Why regular reports matter Board reporting on AML compliance activities BSA Officers have a lot of responsibilities. They wear many hats, especially in smaller community banks and credit unions.

Compliance 195

Compliance Fraud Report Trends 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

Perficient

MARCH 15, 2022

The Office of the Comptroller of the Currency (OCC) has released 11 Community Reinvestment Act (CRA) performance evaluations. At the end, a compliance rating of either “Outstanding,” “Satisfactory,” “Needs to Improve,” or “Substantial Noncompliance” is allotted.

Training 294

Training Community Compliance Meeting 294

Abrigo

JANUARY 17, 2024

Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. One issue that hurts people and communities everywhere is human trafficking, and January is Human Trafficking Awareness Month.

Training 259

Training Community Software Texas 259

Abrigo

JULY 13, 2023

Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Conduct regular employee training : Financial institutions should educate their employees about the risks associated with pig butchering scams and other fraud schemes.

Fraud 195

Fraud cryptocurrency Training social media 195

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense.

Fraud 195

Fraud Training Trends 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. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. It also includes a provision for the GAO to study the regulations on an annual basis.

Community Bank 150

Community Bank Community Compliance Training 150

Abrigo

SEPTEMBER 1, 2021

Barr with the Department of Justice (DOJ) released a report in October of 2020 stating, “The addiction crisis has taken an enormous toll on America’s families and communities, eroding public health, threatening public safety and claiming tens of thousands of lives year after year.” . What can community financial institutions do?

Training 195

Training Regulation Community Austin 195

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.

Regulation 150

Regulation FDIC Survey Community Bank 150

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). However, compliance deadlines for affected financial institutions are tiered so that small business lenders originating the most transactions begin reporting data earlier than less active small business lenders.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

JUNE 13, 2022

Would you like other articles on BSA/AML training in your inbox? Of banks surveyed, 86% provide training to customer service representatives on how to detect and report elder financial exploitation. The latest survey indicates that COVID-19 has impacted bank community engagement. BSA Rules and Regulation. Learn More.

Fraud 195

Fraud Training United States Survey 195

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. Maternity Leave Discrimination. UDAP Issues Related to Student Loans.

Compliance 68

Compliance Risk Management Lending Training 68

Abrigo

JULY 10, 2023

Your financial institution can help build awareness and encourage best practices for protecting personal information by providing educational materials to your community. Ensure all personnel in contact with clients are trained to ask the right questions, not just the easy ones.

Fraud 150

Fraud How To social media Security 150

Abrigo

SEPTEMBER 10, 2021

The role of BSA staff was typical compliance and very task-oriented. See Part I: Implications for Community Financial Institutions. However, the importance of this risk management function is not only essential to the financial institution, but also critical to our country, our communities, and our loved ones. BSA Training.

Training 195

Training Risk Management Pennsylvania Resources 195

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. The primary resource for deposit account error resolution is Regulation E—the Electronic Funds Transfer Act (EFTA).

Community Bank 91

Community Bank Regulation Community Training 91

Abrigo

APRIL 7, 2022

Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated. BSA Rules and Regulation.

Compliance 195

Compliance Policies Fraud Analysis 195

Independent Banker

SEPTEMBER 30, 2020

The lengths to which community bankers have gone in support of their customers is nothing short of heroic. Virtual Community Banker University courses provide education and training around timely topics, including emerging regulatory issues. Community bankers do not stand idly by and contemplate what’s next.

Community 116

Community Community Bank Compliance Training 116

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

Independent Banker

JUNE 30, 2022

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate.

Management 103

Management Community Bank Community Regulation 103

PYMNTS

JULY 7, 2020

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores.

Retail 151

Retail Groups social media Policies 151

Social Assurance

JULY 31, 2020

The new Community Reinvestment Act regulations from the OCC have been released! We’ve spoken previously about the key deadlines for compliance and how your financial brand can be the spark for engagement in your community. This can also be done through the bank’s website or via a community partner.

Community 15

Community Compliance Meeting Branding 15

PYMNTS

NOVEMBER 19, 2019

dollar accounts is an important milestone for the crypto community and us. We want to thank our community and all businesses so far who have trusted Cashaa to solve their banking problems,” said Janina Lowisz, co-founder and VP of marketing, in a blog post. regulated partner entities. The addition of U.S. Partnering with a U.S.

blockchain 101

blockchain US Bitcoin United States 101

PYMNTS

SEPTEMBER 5, 2017

A recent report from Paychex released last week found that there are a host of regulations that small business owners are keeping their eyes on as state- and local-level policymakers initiate change. But that doesn’t mean these legislative efforts endure without disruption to the business community at large. Today (Tuesday, Sept.

Compliance 118

Compliance Survey Training Regulation 118

Abrigo

DECEMBER 2, 2021

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity. billion from $515.3

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. In addition, the legislation would make sellers pay a third of commissions to a dedicated training fund for technology specialists each quarter.

Taxes 131

Taxes Google Apple social media 131

Abrigo

SEPTEMBER 7, 2023

They can result in sub-optimal lending for community banks and credit unions as well as the communities they serve across the country. Workflow reports – Bottlenecks Community financial institutions are acutely aware of their advantages and disadvantages relative to the large banks across the country.

Report 195

Report Lending Trends Data 195

CFPB Monitor

OCTOBER 4, 2022

As of 2021, Lakeland’s Community Reinvestment Act (CRA) assessment area included majority-white areas of Essex, Somerset, and Union counties and excluded the portions of those counties that contain majority-Black and Hispanic neighborhoods.

New Jersey 147

New Jersey Lending Community National 147

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Abrigo

DECEMBER 17, 2021

Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success. For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards. Are there added fees involved for training?

Fintech 195

Fintech How To Innovation System 195

Abrigo

APRIL 26, 2022

In 2004, the infamous Riggs Bank (Riggs) case brought political corruption to the top of compliance officers’ lists of reasons not to sleep at night. The $25 million assessment was the largest imposed by regulators at that time. Even at the community level, U.S. BSA Rules and Regulation. BSA Training. BSA Training.

Training 195

Training Regulation System National 195

Independent Banker

SEPTEMBER 21, 2015

Tips on how to keep up with never-ending Bank Secrecy Act compliance. Compliance experts say that by planning ahead, reviewing current compliance status and risks, using technology when needed, and staying up-to-date with training, community banks can indeed weather the storm of regulatory exams and come out fine on the other end.

Training 70

Training Compliance Community Bank Community 70

Independent Banker

JULY 29, 2016

The demand for professional development opportunities for community bankers has never been greater. Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

Abrigo

NOVEMBER 15, 2019

Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards. However, many community financial institutions derive a significant portion of income from lending. “The

System 150

System Lending Compliance Risk Management 150

PYMNTS

FEBRUARY 28, 2019

A job marketplace platform in India is looking to connect trained trade workers with employers. The digital platform provides hiring, training, compliance management and payroll solutions to its clients, and is geared toward the facilities management, private security and logistics industries, to name a few.

Payments 183

Payments User Experience Training Case Study 183