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BSA and AML Day National 2020 Celebration

Abrigo

Honor BSA/AML Professionals on October 26th Professionals across the nation are encouraged to celebrate National Financial Crime Fighter Day. . How to Celebrate Find ways to honor and celebrate BSA/AML professionals. National Day Calendar Get more resources on this nationally recognized day. It's National Day!

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Member business lending: How to leverage MBL for credit union growth

Abrigo

By navigating these challenges with a well-thought-out approach, credit unions can successfully contribute to individual and national economic growth. How robust is your compliance program?

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Hot Topics: How to Prepare for Your Next BSA Exam

Abrigo

Does it address a “culture of compliance”? Culture of compliance. FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership. Calibration.

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Reserve Bank Of India Fines Lenders For SWIFT Non-Compliance

PYMNTS

The specific reasons for the non-compliance was not released. Last year, the Indian financial system was affected by a $2 billion fraud at Punjab National Bank (PNB), where business related to a billionaire jeweler and his uncle received unauthorized credit guarantees through SWIFT.

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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

Say "thank you" this National FinCrime Fighter Day BSA professionals and financial crime fighters are tasked with the challenge of protecting our financial system daily. October 26 is National Financial Crime Fighter Day , and it’s the perfect time to pause and applaud everything these professionals do.

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Digital Compliance Sends Money Transfers Speeding

PYMNTS

and group compliance director, explained to PYMNTS how online tools can make remote identity verification even more robust than in-person processes — and also help kick cross-border payments into higher gear. “[But] we’re projecting by 2021, it’ll take up the majority of the market.”. Digitizing Identity Verification.

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RegTech: From Compliance Checkbox To Competitive Cornerstone

PYMNTS

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. That conflicts with organizations’ compliance needs, as they require a certain level of information to meet the standards. Common Concerns. Why RegTech?