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

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.

Training 195

Training Compliance Fraud Policies 195

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. Currently, the accompanying regulations have not been written, so what should community financial institutions take away from these priorities now? financial system and national security. financial system.

Community 195

Community Regulation Training Policies 195

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

Fraud 284

Fraud Study United States Training 284

PYMNTS

DECEMBER 20, 2019

Despite the efforts of law enforcement and the financial community, bad actors are on track to steal more than $35 billion in just the next five years. Fraud prevention tech has to scale. Clean’ and ‘Friendly’ Fraud are Neither. That’s “clean” fraud. vs. the FinTechs.

Fraud 137

Fraud Fintech Training Cards 137

Abrigo

MAY 1, 2023

I can’t forget about scheduling the annual training. Utilize an online community such as a user group to see what other tips and tricks other AML professionals can offer. Find their strengths and use them to help yourself while providing them with excellent training to further their careers. Was the SDN list updated again?

Strategy 195

Strategy Training Fraud Software 195

PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. To solve the problem, organizations need to take more of a community-based approach.”. Safe, secure real-time cross-border payments becoming a reality relies on community involvement above all else.

Compliance 192

Compliance Security Payments Community 192

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. Train your frontline staff to recognize the red flags of potential elder financial abuse. What can you do to deter COVID-19 fraud? Stay up-to-date on the latest news surrounding the coronavirus. learn more.

Fraud 335

Fraud Resources Software Training 335

Jack Henry

FEBRUARY 26, 2020

This post was co-written by Karen Crumbley, Gladiator®, ProfitStars, and Keith Haskett, Rebyc Security. Karen has been providing Educational Risk Mitigation online training courses and encouraging community bankers to engage in conversations with their peer banks and vendors about how best to mitigate risks within their own institutions.

How To 138

How To Fraud Training Security 138

Abrigo

AUGUST 20, 2021

The activity stretches from crimes we know, such as phishing, internet auction fraud, and advanced fee schemes to human trafficking, illegal trade in natural resources (diamonds, timber, etc.), Start with Part 1: Implications for Community Financial Institutions. BSA Training. Fraud Prevention. Fraud Trends.

Training 195

Training Strategy Fraud National 195

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. Members of Amish or sovereign citizen communities often have fewer government-issued IDs.

Compliance 195

Compliance Community Training System 195

Abrigo

FEBRUARY 8, 2022

NBFIs are broadly defined as institutions other than banks or credit unions that offer financial services, such as money services businesses, casinos and card clubs, trust companies, securities and commodities, firms, and insurance companies. Periodic BSA training must be given to all employees of the NBFI. BSA Training.

Compliance 195

Compliance Training Regulation Fraud 195

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. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

Independent Banker

SEPTEMBER 30, 2021

The number of money mule schemes affecting community banks is increasing, in part because of the pandemic. Here’s how two community banks are protecting their customers from falling victim to fraud. More and more community banks are having to deal with money mule schemes targeting unsuspecting customers. Source: FBI.

Community Bank 91

Community Bank Fraud Community Training 91

Abrigo

JUNE 23, 2020

Learn from your peers and hear what problems they are dealing with in our Abrigo Community, exclusive to our customers. Community financial institutions are often tasked with doing more with less. We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success.

Software 195

Software Community Fraud Resources 195

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.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Abrigo

JANUARY 8, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. Artificial intelligence is one of the biggest buzzwords in the anti-money laundering (AML) community. Fraud Prevention. BSA Training. Artificial Intelligence in BSA/AML. Artificial Intelligence. Learn More.

Software 195

Software System Fraud Examples 195

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. A job marketplace platform in India is looking to connect trained trade workers with employers. Airbnb on Payments, User Friction and Security Challenges in a Global Market.

Payments 183

Payments User Experience Training Case Study 183

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Trends Compliance Technology 195

Abrigo

DECEMBER 3, 2021

Two-factor authentication (2FA) is a commonly used tool to add an extra layer of security and prevent unauthorized login of online accounts. For the most part, these bot services are provided as a service, and they are available in various underground communities and telegram channels. Fraud Prevention. Fraud Trends.

Fraud 195

Fraud Trends Online Examples 195

Abrigo

MAY 4, 2020

While many are minor application enhancements, some are bug fixes or critical cyber security enhancements that should be updated immediately. Let’s face it, most community financial institutions don’t get the IT support needed when it comes to their AML software. The reason for the notifications is due to the importance of the updates.

Software 195

Software Cyber Security Security Community 195

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.”

Community 195

Community Lending Maine Resources 195

ABA Community Banking

FEBRUARY 11, 2019

37% said the ability to adapt to processing faster electronic payments is an obstacle Human Resources Feature Technology Risk Management Security Operational Risk Cyberfraud/ID Theft Feature3 Survival Strategies Blockchain Business of Blockchains.

Training 53

Training Survey Risk Management blockchain 53

PYMNTS

MAY 27, 2020

There’s another side to contactless that moves beyond convenience and ties into security. And that is something that merchants, as well as community banks and credit unions, must be prepared for.”. There’s a level of trust on the part of the merchant base that they’ll get the training, guidance and support they needed.

Mobile 280

Mobile Community Bank Cards Community 280

Abrigo

SEPTEMBER 11, 2023

Automation also helped financial institutions better serve their communities by, for example, reducing the time it takes to process a loan application. Fintechs have developed a strong competency around these advances. The utilization of generative AI has sparked legitimate concerns about data security.

Risk Management 195

Risk Management Data Technology Fintech 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. Mistakes, system glitches and fraud happen. Fraud and unauthorized use happen. Fraud and unauthorized use happen.

Community Bank 91

Community Bank Regulation Community Training 91

PYMNTS

NOVEMBER 15, 2017

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting suspect activities pertaining to money laundering for several years. According to a MarketWatch report published Tuesday (Nov.

Report 155

Report Policies Training Fraud 155

Independent Banker

FEBRUARY 28, 2022

The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors. Fintechs know how to reach and work with the community. Our technology, combined with the training that we provide, will result in a best-in-class solution.

Fintech 136

Fintech Marketing Community Bank Community 136

Abrigo

NOVEMBER 2, 2021

This topic has continued to be emphasized by FinCEN throughout the years, as demonstrated by former FinCEN Deputy Director Jamal El-Hindi in a 2019 speech centered around national security concerns within our U.S. See Part I: Implications for Community Financial Institutions. BSA Training. Fraud Prevention. Learn More.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

SEPTEMBER 14, 2020

The fallout continues to grow, with reports noting its slew of nonprofit and corporate customers have now been exposed to security threats as a result of data stolen in the Blackbaud breach. According to Breach Clarity CEO and Co-founder Jim Van Dyke , this isn't to say that organizations' security investments are failing.

Security 131

Security Data Software Training 131

Abrigo

APRIL 7, 2022

Community banks with small asset sizes might merge with other small institutions whose branches complement one another, and larger banks may acquire smaller ones whose services fit their offerings. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated. BSA Training.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

APRIL 26, 2022

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. Securities and Exchange Commission launched investigations into political corruption and started legislative efforts to thwart such acts. Even at the community level, U.S.

Training 195

Training Regulation System National 195

PYMNTS

APRIL 8, 2020

financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Lendio already secured its approval to facilitate PPP loans, the alternative lender said, noting that small businesses can now apply for a PPP loan on the Lendio platform.

Lending 245

Lending Fintech America Technology 245

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Cybercriminals may target organizations with weaker security controls and a higher propensity to pay the ransom due to the criticality of their services. Learn More.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Cybercriminals may target organizations with weaker security controls and a higher propensity to pay the ransom due to the criticality of their services. Learn More.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball." download NOW Takeaway 1 Fraud losses totaled $485.6

Fraud 221

Fraud Training Risk Management Software 221

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

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Fraud Resources social media Software 195