Perficient

FEBRUARY 27, 2021

This morning I was sipping on my cup of coffee and browsing through Microsoft’s Learn page when I stumbled upon a few new certifications and exams around Microsoft Security and Compliance ! The exam covers the following topics: Mitigating threats using Microsoft 365 Defender. Mitigating threats using Azure Defender.

Compliance 322

Compliance Security Branding Policies 322

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Takeaway 2 BSA pillars and board training are some topics found in Abrigo's top blogs for FinCrime professionals. Abrigo's top AML/CFT articles.

Fraud 195

Fraud Training Compliance Regulation 195

Abrigo

FEBRUARY 14, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents. Review it annually and when staff changes or other triggers occur.

Training 195

Training Fraud Compliance Regulation 195

Abrigo

DECEMBER 19, 2022

Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering. Ongoing training is vital for an effective AML/CFT program. Top helpful resources for AML/CFT staff.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. You might also be interested in this AML/CFT risk assessment checklist. Why regular reports matter Board reporting on AML compliance activities BSA Officers have a lot of responsibilities.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

FEBRUARY 25, 2022

What to watch for in 2022 Expect these eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. You might also like this webinar on BSA/AML regulatory hot topics. Eight topics that could see change in 2022. What to Watch.

Regulation 195

Regulation Policies Compliance Washington 195

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. An institution should expect a more tailored exam based on their risk profile, and one size does not fit all. There is no doubt that the year 2020 is strange and maybe even frightening to many people.

Regulation 195

Regulation Fraud Compliance Lending 195

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

Lending 221

Lending Risk Management Community Management 221

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. An institution should expect a more tailored exam based on their risk profile, and one size does not fit all. There is no doubt that the year 2020 is strange and maybe even frightening to many people.

Regulation 195

Regulation Fraud Compliance Trends 195

Abrigo

JUNE 2, 2021

Takeaway 3 BSA exam plans should include a review of the common themes and hot topics showing up in recent examination criticisms. Other helpful guidance is from the Financial Crimes Enforcement Network (FinCEN) in conjunction with the regulatory agencies in their guidance on risk-focused supervision. Culture of compliance.

How To 195

How To Training Compliance Policies 195

Abrigo

FEBRUARY 9, 2023

Name screening for sanctions compliance Understand regulatory expectations surrounding name screening and the best lists for your risk-based AML program. But with so many lists of high-risk individuals and entities, how can banks stay on top of detection? Takeaway 3 PEP lists change frequently, and the U.S.

Fraud 195

Fraud Training Software Compliance 195

Abrigo

DECEMBER 8, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Takeaway 1 The board needs to see the BSA program from a higher level to understand the enterprise-wide risk to the institution. Would you like other articles like this in your inbox?

Training 195

Training Resources Video Compliance 195

Abrigo

NOVEMBER 21, 2019

It's also a good time to enhance your institution's BSA/AML risk assessment. As BSA officers, we have continuous expectations placed on us to be knowledgeable in all aspects pertaining to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance. Assessing institutional risk. Sustainability of the BSA/AML program.

Compliance 195

Compliance Training Fraud US 195

Abrigo

MAY 19, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general. Let’s move on to another element of credit review systems—loan reviewer training.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Below are the top 10 regulatory hot topics for 2022, in no order of importance. Once the risk is assessed, create procedures around the residual risk.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. You might also like this resource: "BSA/AML risk assessment checklist." READ Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment.

Fraud 195

Fraud Compliance Examples Analysis 195

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

Abrigo

FEBRUARY 14, 2023

Data collection requirements The CFPB 1071 rule is a top compliance concern According to a recent survey , financial institution executives’ top regulatory compliance concern is the final rule from the Consumer Financial Protection Bureau (CFPB) on data collection for small business loan applications.

Data 195

Data Lending Compliance Resources 195

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

MAY 20, 2022

Takeaway 2 The survey topics included fraud prevention tools, frustrations with tools, and what enhancements users would like to see. The survey topics included fraud prevention tools, pain points and frustrations, and what enhancements users would like to see integrated within their current fraud solutions.

Trends 195

Trends Fraud Training Survey 195

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Regulatory hot topics and exam findings from 2019 give us a good road map for 2020 exam preparation. Creating a Culture of Compliance. It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Regulatory topics for NBFIs to watch for. You might also like this whitepaper on combatting domestic terrorism financing DOWNLOAD .

Regulation 195

Regulation cryptocurrency Policies Management 195

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. By having an inaccessible site, you are turning away 26% of your overall potential market and expose the organization to compliance violations. These include motor, cognitive, visual, and hearing disabilities.

UX 531

UX Guidelines Compliance Study 531

Abrigo

MAY 9, 2022

Best Practices for Third-Party BSA/AML Assistance Collaborating with a third-party BSA/AML vendor can save time and money when it comes to sanctions compliance. Conducting a staffing assessment can strengthen an institution's overall culture of compliance. Get the latest on sanctions compliance in 2022. Keep me informed.

Compliance 195

Compliance Fraud Regulation Resources 195

South State Correspondent

OCTOBER 26, 2023

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming. Maybe a topic for next year?

Conference 221

Conference Las Vegas Fraud Case Study 221

Abrigo

JANUARY 6, 2020

BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Understanding the terminology and risks surrounding banking (or not banking) cannabis-related businesses were some of the themes of posts that attracted the most eyeballs last year.

Fraud 300

Fraud Compliance Training Retail 300

CFPB Monitor

JULY 7, 2022

Together with our special guest whose company provides software enabling lenders to use AI to underwrite loans, we explore a wide range of issues of importance to lenders using AI to underwrite loans.

Compliance 78

Compliance Lending Software Groups 78

Abrigo

JUNE 19, 2022

And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance. They also reminded financial institutions that CECL would be a topic during exams.

Tools 195

Tools Regulation Data Resources 195

Abrigo

MAY 18, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." How broad a field does loan review need to plow to unearth potential credit risks and assess overall credit quality? WATCH Takeaway 1 Scope and depth are useful evaluation benchmarks for your financial institution's loan review process.

Lending 195

Lending Training Guidelines Policies 195

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

CFPB Monitor

MAY 3, 2022

The Guidance provides that, ultimately, all risk mitigation strategies must account for an entity’s business profile to assess risk across types of virtual currencies and effectively address the specific characteristics of any particular virtual currency involved. Augmenting KYC Controls.

Analytics 147

Analytics Compliance blockchain Policies 147

Insights on Business

MARCH 15, 2019

Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business headlines. Mr. Patrick M.

Compliance 87

Compliance Management DC Washington 87

CFPB Monitor

AUGUST 31, 2021

The issuance of the Guide follows the agencies’ July 2021 release of proposed interagency guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

CFPB Monitor

JUNE 30, 2022

On June 23, 2022, the Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective (SRP) for spring 2022. In the SRP, the OCC opines on its current safety and soundness concerns for banks under its regulatory umbrella, focusing on Russia sanctions, climate-related risk, and rising inflation.

Compliance 78

Compliance Fraud Technology Operations 78

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Risk Management Software System 195

Abrigo

JANUARY 6, 2023

Mitigating risk. To mitigate the risk of money mule scams in your financial institution, advise tellers to be aware of elderly or disabled individuals attempting to deposit checks, particularly without a debit card and often with an out-of-state ID. Russian sanctions compliance checklist. Be ready for AMLA-related changes.

Fraud 195

Fraud Regulation Training Operations 195

Abrigo

FEBRUARY 9, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." This will not include transfers in the name of individuals since this type of transaction is not considered high-risk for money laundering. Here is what you need to know.

Training 195

Training Fraud Trends Report 195