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The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

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Google CEO Pushes Back Against Regulation Talk

PYMNTS

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said.

Google 108
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Federal Reserve Issues Supervisory Letter on Crypto Activities for Banks

Perficient

Legal status – There is some question regarding the legal status of many crypto-assets – is it a security, is it fungible, is it a derivative – as well as the very limited legal precedent regarding how crypto-assets would be treated in varying contexts, including, for example, in bankruptcy court. The Home Owners’ Loan Act.

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FFIEC Cybersecurity Maturity Assessment Tool

Cisco

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. Delivery Channels.

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FFIEC BSA Exam Manual Updates: How Do They Affect Your Anti-Money Laundering (AML) Program?

Abrigo

This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. These updates are in the sections for Charities and Nonprofit Organizations , Independent Automated Teller Machine (ATM) Owners or Operators , and Politically Exposed Persons (PEPs).

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De-risking your SARs: Building SAR relationship exit strategies into your AML/CFT program

Abrigo

Ask your board or executive leadership to consider the following: What is their tolerance for certain types of risk? For example, suppose you have reason to believe an account is being used for terrorist financing, or you have legitimate proof of money laundering activity. deposit operations, business banking, consumer deposits, etc.)

Strategy 195
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How To Improve Uninsured Deposit Performance

South State Correspondent

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. Uninsured Deposit Performance – By Balance By way of an example, below is our updated decay data of money market accounts based on account size. For example, while banks in the Southeast and Mid-Atlantic regions of the U.S.

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