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7 Essential SAR narrative tips to ensure your reports drive action

Abrigo

Where conflicting guidance is concerned, use the most recent guidance from both FinCEN and the FFIEC to satisfy regulatory requirements – use SAR form instructions , the 2012 SAR form Q&A ( FIN-2012-G002 ), the 2014 FFEIC Exam Manual's Appendix: L on SAR Quality Guidance. Balance compliance with impact.

Report 195
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Intuit Inks Deal To Purchase Order Management Provider TradeGecko

PYMNTS

Intuit , maker of QuickBooks, has inked a deal to purchase inventory and order management technology provider TradeGecko. TradeGecko, which is located in Singapore and works with clients in over 100 nations, was started in 2012 by CEO Cameron Priest and CTO Bradley Priest.

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Bank Managers Tied To AML Investigation In Brazil

PYMNTS

Police in Brazil have raided the residences of managers of Banco do Brasil in connection to their part in a money-laundering scam worth $48 million. Police are looking into accusations that the managers were a part of laundering the money between 2011 and 2014. .

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Managing your credit union’s loan data

Abrigo

Whether it’s part of a CECL preparedness conversation or part of a more proactive approach to risk management under existing regulatory expectations, the topic of “loan-level data” has repeatedly come up since the 2012 proposal from the FASB. These data silos make it all the harder for credit unions to begin data archiving.

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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Looking Back at 2012 Every year, I usually write about the past year with mixed feelings, at times nostalgic for those events and at times, glad that the year is over. 2012 brought us highs, lows, and surprises. The dominant theme of 2012 was the Presidential election. per gallon price level rather than the $4.00 Stay tuned!

Taxes 68
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Fintech Funding: Capital on Tap secures a $237M credit line

BankInovation

based fintech provides fast funding to small businesses in an all-in-one business credit card and spend management platform. The company was founded in 2012, and more than 200,000 small business customers […]. Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8

Capital 97
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CECL is a hot topic at Sageworks Risk Management Summit

Abrigo

The Financial Accounting Standard Board’s proposed move to the current expected credit loss, or CECL, is top of mind for many of the bankers and industry experts attending the 2015 Risk Management Summit presented by Sageworks. Some meeting participants, however, expressed skepticism that this timing would hold true.