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. FinCEN assessed a $1.5

Training 195

Training Compliance Fraud Policies 195

Abrigo

JANUARY 22, 2024

Staff should be well-trained in procedures and understand the importance of fraud detection to the bottom line. Implement r obust fraud detection software Investing in advanced fraud detection s oftware is a cornerstone of fraud mitigation. An informed and vigilant community is a powerful deterrent against fraud.

Fraud 221

Fraud Training Risk Management Software 221

Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

Community Bank 134

Community Bank Community Fraud Texas 134

Abrigo

JULY 13, 2023

Conduct regular employee training : Financial institutions should educate their employees about the risks associated with pig butchering scams and other fraud schemes. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. You might also like this on-demand webinar explaining how fraudsters use checks to their advantage. Fraudsters use this to their advantage and wield sophisticated tools.

Fraud 221

Fraud Training Trends Regional 221

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?

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Training Regulation Community Austin 195

Abrigo

JULY 29, 2021

do not see this as a serious risk to their financial institutions, especially at the community financial institution level. The Priorities emphasize this, and regulators will be expecting corruption to be part of an institution’s risk assessment. . See Part I: Implications for Community Financial Institutions. BSA Training.

United States 195

United States Training Community Policies 195

Abrigo

AUGUST 27, 2021

Start with Part 1: Implications for Community Financial Institutions. What can community financial institutions do? However, awareness, diligence, and vigilance amongst the BSA community will have the greatest impact in fighting fraud. . BSA Rules and Regulation. BSA Training. BSA Rules and Regulation.

Fraud 195

Fraud Training Regulation Video 195

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year. My Top Three.

Community Bank 218

Community Bank Community Hawaii Washington 218

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

Independent Banker

JUNE 30, 2022

We asked community bankers and experts for their advice on ensuring employees feel a sense of belonging. If community banks put in the effort to foster a sense of belonging, the result is a stronger workplace culture, greater employee loyalty and, ultimately, a better experience for customers. By Roshan McArthur.

Community Bank 91

Community Bank Community Leadership Millennials 91

Abrigo

JULY 19, 2021

Community financial institutions have become targets for these illicit transactions, as larger banks have more sophisticated monitoring systems for detecting and reporting. See Part I: Implications for Community Financial Institutions. This document may be used as a training guide for both front-line and investigative staff.

Training 195

Training National Community Policies 195

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

FEBRUARY 8, 2022

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. Below are 10 things NBFIs should do to ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators.

Compliance 195

Compliance Training Regulation 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

JULY 21, 2021

See Part I: Implications for Community Financial Institutions. If you are a member of a professional association or group, regularly check in on available webinars and online training. BSA Rules and Regulation. BSA Training. BSA Rules and Regulation. BSA Training. BSA Rules and Regulation. Learn more.

Training 195

Training National Strategy Regulation 195

PopularBank

MAY 24, 2024

Staying informed, making sure your facility’s current procedures align with the CMS mandate, investing in staff training, resident engagement and community partnerships can all aide in finding the right solution for your facility. Develop “outside of the box” staff training. Stay informed. Stakeholder collaboration.

Operations 52

Operations Training Community Meeting 52

Abrigo

SEPTEMBER 3, 2021

Start with Part 1: Implications for Community Financial Institutions. Train, train, train: Cybercrime staff training is routine for many financial institutions on an annual basis, but if an institution has not implemented effective training, it is time to do so. BSA Rules and Regulation. Learn More.

Training 195

Training Software Fraud Security 195

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

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

JULY 1, 2021

As a community, we need to place more pressure on all currency providers (fiat and crypto) to embrace digital ethics and refuse to engage and/or do business with organizations that fail to protect innocent and vulnerable people. BSA Rules and Regulation. BSA Training. BSA Training. BSA Training. Learn More.

Training 370

Training Conference Community Video 370

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

SEPTEMBER 25, 2023

Download now Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act. In addition, reputational risk is a factor in many conservative communities.

Puerto Rico 243

Puerto Rico Virgin Islands Guam United States 243

Abrigo

JANUARY 31, 2023

Takeaway 3 Education and training are the first steps to ensuring that your AML/CFT program is ready for these critical threats. The next expected rulemaking will revise FinCEN’s customer due diligence (CDD) rule to bring current regulations in line with the first two rules.

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

NOVEMBER 10, 2019

Kenya has joined the global community in terms of data protection standards,” Joe Mucheru, minister for information, technology and communication, told Reuters. Local firms including Kenya Airways , tourist hotels and phone-based lenders such as Safaricom will now have to comply with the new regulations.

Regulation 109

Regulation Data User Experience Training 109

Abrigo

SEPTEMBER 25, 2023

LISTEN NOW Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act.

Puerto Rico 195

Puerto Rico Virgin Islands Guam United States 195

Abrigo

MARCH 8, 2024

As a financial institution, you are responsible for educating your community and clients on financial patterns and bank wire fraud trends. Ensure all employees are familiar with the processes and protocols and that they follow them every time. Spread the word. Navigate your BSA exam with tips from this on-demand webinar.

Fraud 195

Fraud Technology Trends Training 195

CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

Regulation 78

Regulation California Exercises Compliance 78

Abrigo

JANUARY 30, 2024

Attendees return from ThinkBIG energized and informed so they can continue positively impacting their institutions and, more importantly, their communities. Network with bankers, auditors, and regulators Networking has always been table stakes to ThinkBIG conference attendees. Don’t take our word for it, though.

Conference 195

Conference Arizona Phoenix Fraud 195

Abrigo

JULY 1, 2022

Here at home, financial institutions have a unique position to see front-line activity and the flow of illicit funds and can detect and report human trafficking within our communities. The combined advisories are an excellent tool for financial institutions to use for training front-line staff and FinCrime professionals. BSA Training.

Training 195

Training Fraud National Exercises 195

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

Abrigo

MARCH 29, 2023

Takeaway 3 Following the use of funds can lead to fraud detection, and regulators will expect enhanced due diligence on PPP fraud. The COVID-19 pandemic challenged communities and businesses nationwide, and financial institutions were no exception. Researchers estimate that $76 billion in PPP loan money was taken illegally.

Fraud 195

Fraud Trends Taxes Training 195

Abrigo

MARCH 22, 2023

See Part I: Implications for Community Financial Institutions. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. Transnational criminal organizations will use anything of value, which can be turned quickly into funds. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

Abrigo

AUGUST 20, 2021

Start with Part 1: Implications for Community Financial Institutions. of the Treasury) and utilizing BSA/AML webinars , training, and other resources for BSA staff professional development. BSA Rules and Regulation. BSA Training. BSA Rules and Regulation. BSA Rules and Regulation. BSA Training.

Training 195

Training Strategy Fraud National 195

Independent Banker

JUNE 30, 2022

Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. This experience also firmly shaped how we work with regulators.

Community Bank 171

Community Bank Community Lending Training 171

Perficient

SEPTEMBER 11, 2023

Already reviewed by Perficient, BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations. This month, the Federal Deposit Insurance Corporation (FDIC) launches it new Banker Engagement Site (BES) through FDIC connect.

Compliance 221

Compliance FDIC Tools Leadership 221

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