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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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Expected changes at CFPB under new leadership highlighted in Ballard Spahr webinar

CFPB Monitor

The webinar looked at the changes that the CFPB is likely to undergo under the leadership of Messrs. Uejio’s prior experience at the CFPB has allowed him to become well-versed not only in operational issues such as personnel and budget but also as to policy issues.

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Brad M. Bolton: Compliance as a focal point

Independent Banker

Our senior leadership team took that to heart, and it stuck with us, creating an environment in which compliance plays a significant role in everything from our strategic direction to our daily operations. Regulations are there to require what we do every day as community bankers: protect our customers. My top three.

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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).

Training 195
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De-risking your SARs: Building SAR relationship exit strategies into your AML/CFT program

Abrigo

It would be best to reference the original SAR in the narrative that previous SARs were filed. Ask your board or executive leadership to consider the following: What is their tolerance for certain types of risk? A different department, such as deposit operations, may process the account closure.

Strategy 195
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Best Community Banks to Work For 2022

Independent Banker

When a community bank’s employees refer to it as “a second family,” it speaks volumes, and that’s exactly what we heard from the team at Bank of Montana in Missoula, Mont. Once we’ve been here for 10 years, we are awarded a three-month paid sabbatical,” says Emilie Johnston, chief operations officer. LESS THAN $250 MILLION.

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

Combined, these speeches leave no doubt that regulators are exceedingly focused on digital assets and cryptocurrencies, and in particular are increasingly focused on consumer protection concerns, beyond the usual illicit finance and terrorist financing concerns. Responsible Innovation “.