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

Abrigo

None of the changes represent new information but rather address specific customers that may need more attention within policies, procedures, and processes due to a higher risk for money laundering, terrorist financing, and other illicit activity. Each customer category has long been named in the exam manual as having elevated risk.

Training 195
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Best Community Banks to Work For 2022

Independent Banker

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Once we’ve been here for 10 years, we are awarded a three-month paid sabbatical,” says Emilie Johnston, chief operations officer. We don’t operate from a position of fear.”. Grand Ridge National Bank: The premier league. Grand Ridge National Bank.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. Would you like other articles like this in your inbox? Stay up to Date.

Community 195
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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

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.”

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CFPB enters into settlement of lawsuit challenging legality of its Taskforce on Federal Consumer Financial Law; agrees creation of Taskforce violated federal law

CFPB Monitor

The CFPB has agreed to settle the lawsuit filed by the National Association of Consumer Advocates, U.S. The central allegation in the complaint was that the Taskforce failed to comply with the Federal Advisory Committee Act (FACA), a federal law that governs the creation, operation, and management of advisory committees to federal agencies.

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The ICBA 22/23 executive committee is all in

Independent Banker

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. Bank Operations and Payments chair Alice P.

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Claims Automation for Health Plans: Transformation with a Small “t”

FICO

And while many may not be in the unenviable position of this national health plan, every health plan typically has a “wish list” of things that they would like to — or need to — do better in claims management. I will share typical challenges to improvement in claims automation and how to drive an automation initiative forward.