Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. Look into wires to and from foreign countries more skeptically,” said Terri Luttrell, Director of Compliance and Engagement at Abrigo. “A

Training 261

Training Community Software Texas 261

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

South State Correspondent

MAY 13, 2024

With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments. The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders.

Conference 195

Conference Payments Fraud Data 195

CFPB Monitor

JULY 12, 2022

However, regulators themselves have been criticized for encouraging de-risking by driving highly risk-adverse decisions by FIs, who are unwilling to take the chance and assume the compliance costs of doing business with specific customers who may in fact be “legitimate,” but whose risk profile is deemed to be high due to their group affiliation.

Regulation 78

Regulation ATM Operations Policies 78

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. Bitcoin and other digital assets have remained volatile without regulation, with generally more risk-tolerant investors using cryptocurrencies as an alternative payment method. Rapid Growth.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

CFPB Monitor

SEPTEMBER 22, 2020

The award is presented to a law firm that has demonstrated deep expertise, commitment to clients, and the fostering of a deeper understanding of fintech. Also this year, our Consumer Financial Services Group once again received the highest national ranking from Chambers USA : America’s Leading Lawyers for Business.

Fintech 78

Fintech Industry National Groups 78

Abrigo

SEPTEMBER 13, 2022

In an economic and regulatory environment where compliance resources and budgets are stretched thin, financial institutions must carefully evaluate their priorities when it comes to their BSA/AML program. BSA Rules and Regulation. BSA Rules and Regulation. Risk-based approach. Transaction monitoring: a BSA/AML cornerstone.

Software 195

Software Resources Training Compliance 195

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

Regulation 70

Regulation Compliance Analysis Innovation 70

Abrigo

JULY 10, 2015

Compliance is often a loaded word for bankers. While regulations within the banking industry are, of course, a necessity, the ongoing conversation about striking a balance between mitigating risk and overregulation continues in government, media and financial institutions themselves. Regulators want to know how a bank is complying.

Compliance 150

Compliance Risk Management Regulation Management 150

CFPB Monitor

NOVEMBER 29, 2021

The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

Abrigo

MARCH 24, 2023

In that case, this could indicate a need for a strong culture of compliance, which will ultimately lead to further increased risk. A designated officer should be appointed and approved by the board of directors as responsible for AML/CFT and OFAC compliance.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

JANUARY 6, 2020

With the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) humming along in Europe, open banking is overtaking the financial world just as consumer data law gets muscular. Turkey is a prime example, being a major proving ground for the region’s FinTechs and open banking hopefuls.

Fintech 130

Fintech Regulation California System 130

PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

Fintech 118

Fintech US Tennessee Washington 118

CFPB Monitor

JANUARY 12, 2017

Early this morning, the CFPB released the findings of its national debt collection consumer survey. They may also signal to the FTC and state regulators areas for potential focus, particularly if the incoming administration replaces key CFPB leadership. Stefanie Jackman and Daniel L.

Survey 60

Survey National Leadership Compliance 60

PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). implemented its Open Banking rules to comply with the EU’s PSD2 regulations, which similarly have implications for data protection and privacy. But businesses shouldn’t only look at compliance as the key motivator behind adopting GDPR rules.

Cyber Security 112

Cyber Security Survey Regulation Security 112

PYMNTS

MARCH 30, 2020

As more fraud shifts from card-present to card-not-present commerce, it’s been imperative to thwart attempts to impersonate consumers and assume control of their accounts. Bryant said CUs are not waiting around to see where the legislation goes to make sure they are in compliance with it.

Tools 143

Tools Fraud Data Security 143

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Recognizing the gravity of the situation, the Financial Crimes Enforcement Network (FinCEN) identified fraud as a national priority. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness.

Fraud 195

Fraud Trends Cards Software 195

PopularBank

MAY 24, 2024

By Andrew Boland – Director of National Healthcare Financing, Popular Bank A minimum staffing standard for nursing homes across the country was unveiled last month, raising concerns from operators and industry leaders over the impact the mandate will have on their ability to maintain adequate access to long-term care.

Operations 52

Operations Training Community Meeting 52

Abrigo

SEPTEMBER 10, 2021

The role of BSA staff was typical compliance and very task-oriented. October 26 is now nationally recognized as BSA/AML Day.) Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. BSA Rules and Regulation. BSA Rules and Regulation. Learn More. Learn More. BSA Training.

Training 195

Training Risk Management Pennsylvania Resources 195

Gonzobanker

FEBRUARY 1, 2024

Concerns about successors to today’s executive leadership teams dominated many presentations. Investors are concerned about earnings, and more than one presentation posed the question: “Will credit replace margin?” But kudos to Michaud for acknowledging this could be the busiest graph/image he’s ever presented.

Conference 88

Conference FDIC Arizona Industry 88

Abrigo

APRIL 8, 2020

BSA compliance remains crucial to protecting financial system. Alternatively, if available, entities may rely on the [customer identification program] of a federally insured depository institution or federally insured credit union with an established CIP as part of its AML program. Provide lending staff with a BSA refresher course.

Compliance 195

Compliance Lending Fraud Community 195

PYMNTS

APRIL 18, 2019

But the industry players that have a long-term, vested interest in the success and legitimacy of the technology are also the ones that take the issue of cybersecurity and regulatory compliance seriously. Shaping Regulations. That may be true, but bitcoin’s notorious reputation remains difficult to shake off. ”

Bitcoin 143

Bitcoin cryptocurrency Compliance Community 143

PYMNTS

JULY 22, 2019

But, Atassi said, Latin America is also a challenging region to take on as a whole because nation-by-nation and vertical-by-vertical, the situation on the ground can vary quite widely in terms of infrastructure, consumer interest and regulatory prerogatives. Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

APRIL 14, 2020

The gig economy is set to expand and take on new importance as the nation and world recover from COVID-19. While there is no roadmap at present, fortunately, there are pathways. As is the case today, albeit on a far smaller scale, the market crash of 2008 left millions unemployed and scrambling.

Millennials 224

Millennials Compliance Payments National 224

PYMNTS

NOVEMBER 21, 2018

By its very nature, the market of cross-border payments presents a significant opportunity for financial authorities around the world to collaborate as they make it easier for money to move between each others’ markets. times global GDP in 2016. Payments infrastructure[s] have rapidly improved over the last few years.

Payments 123

Payments Innovation National System 123

CFPB Monitor

OCTOBER 1, 2018

The key to the exemption — similar to other narrow exemptions previously issued by FinCEN in regards to the related beneficial ownership rule (as we have blogged, see here and here ) — is that these transactions are perceived as presenting a “low risk of money laundering.” 5318(l) for certain premium finance loans.

Regulation 60

Regulation FDIC Policies Compliance 60

CFPB Monitor

APRIL 22, 2021

The agencies are the Comptroller of the Currency, Farm Credit Administration, FDIC, Federal Reserve Board, and National Credit Union Administration (Agencies). Recently, federal agencies proposed revisions to the Interagency Questions and Answers Regarding Flood Insurance. However, please see the following bullet point.

Policies 60

Policies Compliance Meeting Regulation 60

PYMNTS

APRIL 12, 2019

More specifically, in Australia, contactless presents itself as a very promising area around which to build such partnerships and innovation. After all, he told Webster, “Australia has embraced contactless payments for a decade now, and two of three transactions are now contactless.

Fintech 168

Fintech Innovation Mobile Payments 168

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. population.

Cards 125

Cards New York Oklahoma Connecticut 125

CFPB Monitor

OCTOBER 20, 2016

3502(5), to submit proposed and final regulations constituting a “significant regulatory action” to OIRA for review prior to publication in the Federal Register. Executive Order 12866 requires federal agencies, other than those defined as an “independent regulatory agency” by 44 U.S.C. ” Assuming he responds to Mr.

Compliance 60

Compliance Analysis National Regulation 60

Abrigo

FEBRUARY 24, 2022

Regulators expect a well-managed financial institution to look at interest rate risk through two different lenses: Earnings at risk (EAR)/income at risk (IAR) – Measures short-term risk; changes to the income statement. Sources of interest rate risk. Dynamic modeling can evaluate risk/return trade-offs in the institution’s strategy.

Management 195

Management Analysis Strategy Policies 195

CFPB Monitor

JULY 8, 2021

FinCEN issued this Assessment on the same day that it issued the first government-wide list of national priorities for anti-money laundering (“AML”) and countering the financing of terrorism (“CFT”), as we have blogged. According to the Assessment, no-action letters will be the subject of future regulations promulgated by FinCEN.

Industry 78

Industry Regulation Exercises Resources 78

PYMNTS

JULY 2, 2018

Reports in The Australian Financial Review on Friday (June 29) said that six alternative lending players have committed to sign a “code of lending practice,” a move that garnered praise from the nation’s small business ombudsman. Prospa signed the code alongside Spotcap, Capify, GetCapital, OnDeck and Moula, reports said.

Lending 100

Lending Comparison Fintech Compliance 100

Independent Banker

JULY 29, 2016

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. Many have been bankers themselves and sometimes industry regulators or attorneys. Compliance Institute. Lead FWD Summit.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

CFPB Monitor

NOVEMBER 22, 2021

These represent the first remarks by these regulators following the DOJ’s announcement of its major new “ Combatting Redlining Initiative ” on October 22, 2021, and it was the topic of each of their presentations. along racial, ethnic and national origin lines.

Conference 78

Conference Lending Industry Regulation 78