PYMNTS

MARCH 17, 2017

A new report from the Anti-Fraud Collaboration identifies where corporates should begin when looking to safeguard their data and deploy a cybersecurity strategy. Announcing the report Thursday (March 16), the Anti-Fraud Collaboration said a focus on complex accounting areas is critical to an effective cybersecurity strategy.

Fraud 100

Fraud Report Policies Leadership 100

Abrigo

APRIL 18, 2022

According to a White House statement , the executive order's goals are to: enhance consumer protection ensure financial stability increase national security reduce climate risk The White House describes the executive order as an attempt to balance innovation and U.S. National objectives in cryptocurrency policy. Priorities.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

JULY 19, 2021

Key Priority: Human Trafficking and Human Smuggling Among FinCEN's first list of key priorities for AML/CFT policy is deterring human trafficking/human smuggling. According to the National Human Trafficking Hotline, 92% of human trafficking cases intersect with the financial industry. million annually. Know the red flags.

Training 195

Training National Community Policies 195

Abrigo

AUGUST 20, 2021

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). Crime proceeds linked primarily to the national sector such as fraud, burglaries, theft, robberies, loan sharking or protection racketeering were not included in these estimates.”.

Training 195

Training Strategy Fraud National 195

PYMNTS

NOVEMBER 19, 2019

These steps would allow much more rapid liquidation of an insurance policy, including a ‘disaster dividend,’ or a ‘harm’s way’ claim, which could be used to pay for evacuation-related expenses,” the agency stated in its latest National Advisory Draft Report to the FEMA Administrator.

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blockchain Puerto Rico Virgin Islands United States 217

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In terms of legislation, Senn said NASAA supports the “Senior Investor Pandemic and Fraud Protection Act” and the “COVID-19 Restitution Assistance Fund for Victims of Securities Violations Act.”.

US 227

US Cyber Security Security National 227

Abrigo

AUGUST 31, 2023

Naming conventions One benefit of customer-centric KYC is that it differentiates community financial institutions from larger, more impersonal banks by allowing clients to retain their individuality and build personal relationships. When customers have no legally issued ID, alternative know-your-customer policies are indispensable.

Compliance 195

Compliance Community Training System 195

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). One of AMLA's primary objectives is for financial institutions to spend time doing what is truly necessary for detecting criminal activity and not spin their wheels with policies and procedures on tasks that bring no benefit to law enforcement.

Compliance 195

Compliance Regulation Resources Policies 195

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Peer-to-peer fraud. By Mary Thorson Wright.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Main Street Banking: A Podcast for Community Bankers 8. And all release a new episode at least monthly. NextGen Banker 10.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

OCTOBER 25, 2022

Under the settlement, Rhinebeck will pay a $950,000 civil money penalty, provide restitution to borrowers, and develop a compliance plan which includes updates to its auto policies to cap dealer markups on installment contracts purchased by the bank. to 2.5% (and up to 3%, in a small number of cases) depending on the term of the contract.

New York 78

New York Lending Community Bank Community 78

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8 This checklist can help.

Fraud 195

Fraud Training Regulation Trends 195

Abrigo

SEPTEMBER 3, 2021

Takeaway 2 Fraud prevention, AML, and IT must communicate regularly and cross-monitor for cybercrime threats. Takeaway 3 Fraud monitoring software and other preventative measures can help financial institutions protect themselves against cyber attacks. . Start with Part 1: Implications for Community Financial Institutions.

Training 195

Training Software Fraud Security 195

CFPB Monitor

MARCH 10, 2022

The Order sets out the following national objectives with respect to digital assets: consumer and investor protection; protection of financial stability and mitigation of systemic risk; mitigation of illicit finance and national security risks; reinforcement of U.S.

FDIC 148

FDIC National cryptocurrency Leadership 148

Abrigo

MARCH 23, 2020

On March 16, the Financial Crimes Enforcement Network (FinCEN) released a response to President Donald Trump declaring a national emergency related to the coronavirus. Institutions have already reported increases in scams, charity fraud, benefits fraud, and cyber-related fraud relating to COVID-19.

Security 195

Security Software Fraud Policies 195

Abrigo

FEBRUARY 8, 2022

It is more important than ever that NBFIs understand the BSA/AML requirements regarding their industry to ensure the safety and soundness of their business, their communities, and our country. Independent testing should be performed for the program to ensure that policies and procedures are working as expected and followed in actual practice.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

JANUARY 13, 2021

Department of Homeland Security, traffickers might use violence, fraud, manipulation, or false promises of well-paying jobs or romantic relationships to lure victims into some type of labor or commercial sexual act. Human trafficking involves the use of force, fraud, or coercion to exploit someone. According to the U.S.

Training 195

Training Fraud National United States 195

Abrigo

APRIL 8, 2020

While these loans are 100% guaranteed by the SBA, fraud is still a concern. In addition , institutions are determin ing if their onboarding processes are adequate for these loans, noting that the y may be more susceptible to fraud and other illicit funding purposes since no collateral or personal guarantees are required.

Compliance 195

Compliance Lending Fraud Community 195

South State Correspondent

OCTOBER 28, 2022

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). During the two weeks, there were over a hundred significant cyberattacks by nation-states on national and regional banks that you could watch unfold in near real-time (bel0w) at Gartner and Money 20/20.

Conference 195

Conference Technology Las Vegas Trends 195

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. Fundamentals of BSA. CommunityBank of Texas' citations.

Resources 195

Resources Texas Analysis System 195

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

NOVEMBER 28, 2018

said Facebook has lost the trust of the public — and peppered Facebook’s vice president of policy solutions Richard Allan with questions during a hearing in London after Zuckerberg refused to appear at the hearing. The hearing comes in the same week that the U.K.

Regulation 145

Regulation Policies US System 145

Abrigo

JULY 23, 2021

Key Priority: Proliferation Financing Among FinCEN's first list of key priorities for AML/CFT policy is preventing proliferation financing. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Would you like others articles like this in your inbox?

National 195

National Training United States Regulation 195

PYMNTS

MAY 30, 2019

. “While most people are not aware of the magnitude of these issues, an entire economy is booming and growing in sophistication around harvesting and weaponizing stolen credentials, with participation from nation-states and cybercriminals,” Goetz, a partner at Sequoia, said in the press release.

Leadership 115

Leadership Branding Capital Policies 115

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Smith used drugs for the past decade before starting her recovery journey at Gateway Community Services in Jacksonville, Florida. “As

Retail 105

Retail Fraud Cards Florida 105

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. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk.

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CFPB Monitor

FEBRUARY 17, 2021

Acting Director Uejio also expressed concern about “disparities in some companies’ responses to Black, Brown, and Indigenous communities” found by consumer advocates, but he did not name those consumer advocates or the studies that may have prompted his comments. He stated that “senior leadership of these companies can expect to hear from me.”

Regulation 78

Regulation Study Community Leadership 78

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. Small businesses are also found to be adopting anti-fraud tools more slowly than larger companies, researchers said. Dive into the data below to make up your own mind. .

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America National Capital Survey 100

CFPB Monitor

OCTOBER 9, 2018

regulatory agencies—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the U.S.

Resources 68

Resources Compliance Community Bank Community 68

Independent Banker

SEPTEMBER 21, 2015

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. Over the next three years, Anderson enrolled in all three of Community Banker University’s in-depth compliance certification training programs.

Compliance 70

Compliance Community Bank Community Training 70

PYMNTS

MAY 23, 2017

” The Lazarus hacking group is currently thought to be behind both WannaCry and the Sony attack — Symantec, as a matter of policy, does not directly name governments as behind hacks, but has confirmed that North Korea is an official sponsor of Lazarus.

Cyber Security 108

Cyber Security Groups Security Bitcoin 108

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. “About 4 percent of small businesses in India have access to sources of formal finance, despite favorable credit policies,” he said.

Fintech 120

Fintech blockchain Data Capital 120

Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

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. As Barr points out, most community banks—close to 75 percent—are now growing their loan portfolios. By Karen Hoffman.

Compliance 101

Compliance Regulation Community Bank Community 101