Abrigo
OCTOBER 16, 2023
Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.
Abrigo
OCTOBER 16, 2023
Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.
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Abrigo
MAY 15, 2020
Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.
PYMNTS
JANUARY 17, 2017
In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The Los Angeles Valley College District decided to pony up and pay the digital ransom to the tune of $28,000 in bitcoin. Francisco C.
PYMNTS
OCTOBER 3, 2017
According to news in The Los Angeles Times , citing the prepared remarks Smith is expected to deliver, the former Equifax CEO will also lay out how the credit scoring company responded to the breach that put the personal data of 143 million people at risk and exposed the credit card account numbers of 209,000 customers.
PYMNTS
JANUARY 25, 2019
In May of 2018, the firm laid off 257 employees — or about 30 percent of its workforce — following retracting its services in Seattle, Los Angeles and New York in favor of focusing on its largest and most popular market in San Francisco. Crypto daily fraud: As much as $2.5
Abrigo
AUGUST 6, 2019
Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. Be familiar with the FinCEN advisory and file SARs when applicable.
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