Abrigo

JULY 21, 2022

Teaching branch staff these KYC tips can aid CDD compliance BSA Officers can help tellers and other branch staff learn how to ask questions that both foster relationships and support CDD compliance. . But they can also help your BSA team by supporting Know Your Customer (KYC) and Customer Due Diligence (CDD) compliance. .

Compliance 195

Compliance Training Fraud Examples 195

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Greater availability of data, facilitated by real-time integrations makes it possible for compliance experts to monitor a wide variety of sources.

Compliance 122

Compliance Management Regulation Analysis 122

Abrigo

NOVEMBER 4, 2024

These foundational guidelines for suspicious activity monitoring should align with an institution’s risk profile, and actual practices must mirror written policies. See tailored AML/CFT solutions that can improve your compliance. Regular quality assessments identify areas for improvement and help prevent potential compliance issues.

Training 195

Training Compliance System Regulation 195

PYMNTS

SEPTEMBER 23, 2020

These rules govern how digital banking is managed and which types of data are considered sensitive, and they were developed to keep pace with a steady rise in digital banking adoption. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. The Cloud And Compliance Challenges.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

JUNE 18, 2020

Global spend management cloud solution firm Ivalua has released its new platform to help companies better manage spending and suppliers with visibility and automation, according to a press release. Now, all companies will have the option of working with the tools for better allocation and supplier selection, the release says.

Management 141

Management Tools Guidelines Compliance 141

PYMNTS

DECEMBER 2, 2019

The following Deep Dive analyzes the spend management challenges these charitable and humanitarian groups face, as well as how workforce spend management and electronic procurement tools could help them more effectively manage their expenses. . Spend Control Challenges And Solutions.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

PYMNTS

APRIL 26, 2019

In the world of supply chain compliance, complex regulatory requirements like Know Your Customer (KYC) and anti-money laundering (AML) probably come to mind. There are also the challenges of supplier management, tax legislation, cross-border compliance, worker protection and more.

Compliance 147

Compliance Policies Guidelines Examples 147

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. The Web Content Accessibility Guidelines (WCAG) were developed with these disabilities in mind and provide specific criteria for making a site accessible. Accessibility Belongs in the Design Phase. Color Contrast.

UX 531

UX Guidelines Compliance Study 531

Insights on Business

JANUARY 3, 2019

Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework.

Risk Management 128

Risk Management Management Regulation Guidelines 128

CFPB Monitor

JANUARY 13, 2021

” The Statement is intended to provide “compliance principles and guidelines to inform and assist financial institutions in their decision making related to serving LEP consumers.”. The second section of the Statement contains “guidelines for developing compliance solutions when serving LEP consumers.”

Guidelines 78

Guidelines Compliance Lending System 78

Abrigo

MAY 19, 2023

Policy guidelines usually include a written description of the overall credit grading process and establish responsibilities for the various loan review functions. They should be knowledgeable of both sound lending practices and their own institution’s specific lending guidelines.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

MAY 2, 2024

This policy serves as a set of guidelines that outline the rules and expectations for the credit function within the bank or credit union. Compliance and Risk Management: The loan policy ensures that the lending function operates within the regulatory and compliance framework.

Lending 221

Lending Strategy Analysis Policies 221

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. With this in mind, the July 2018 Bulletin focuses on a wide-range of consumer protection issues, including: Redlining.

Compliance 68

Compliance Risk Management Lending Training 68

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Safeguarding the integrity and effectiveness of a financial institution’s anti-money laundering (AML) program is paramount to ensuring regulatory compliance and detecting illicit activity.

Training 195

Training Fraud Leadership Resources 195

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management. Access a brief guide to CECL model validation here.

Risk Management 195

Risk Management Handbook Analysis Management 195

American Banker

OCTOBER 10, 2023

issued a proposal requiring larger banks to implement a three-line-of-defense risk management model and increased board independence in response to observed weaknesses in corporate governance during past financial crises and recent bank failures. The Federal Deposit Insurance Corp.

Guidelines 36

Guidelines Regional FDIC Risk Management 36

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Abrigo

SEPTEMBER 25, 2024

7(a) and 504 loan programs both use E-Tran for managing loans. Small Business Administration’s E-Tran system has long been a central tool for lenders looking to submit and manage SBA loans efficiently. Key Takeaways E-Tran is the SBA's loan submission platform. Before E-Tran, lenders had to physically mail all of the forms to the SBA.

Lending 221

Lending St. Louis Fraud Software 221

Abrigo

MAY 18, 2023

Takeaway 2 Examining regulatory guidelines and matching up your current loan review process can help assess roles and procedures. Low-depth roles adhere to strict guidelines, and employees have very few decisions to make. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Training Guidelines Policies 195

PYMNTS

MAY 7, 2020

That was not consistent with the state government, which has not yet set final guidelines for mall reopenings. In California, confusion reigned as Governor Gavin Newsom left a date of May 8 for some retail, but did not specify state guidelines and vaguely left the door open for local governments to set their own reopening plans.

Retail 141

Retail Texas Guidelines New York 141

Insights on Business

FEBRUARY 14, 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Next-generation GRC solutions offer the potential to ensure compliance with evolving regulations through transformative business capabilities. You cannot outsource IT Risk.”

Compliance 125

Compliance Risk Management Case Study Meeting 125

American Banker

OCTOBER 4, 2024

The proposed FDIC guidelines would impose stricter governance and risk management standards on banks with over $10 billion in assets, drawing concern over potential regulatory overreach and conflicts with state laws.

FDIC 45

FDIC Guidelines Risk Management Management 45

Abrigo

NOVEMBER 21, 2019

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. Continuing education is critical for BSA/AML compliance professionals. It is also time to start thinking about planning and to begin sharpening the ax for next year.

Compliance 195

Compliance Training Fraud US 195

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. The solution ensures compliance with the second payment services directive (PSD2).

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

NOVEMBER 26, 2019

Wayfair ruling have made tax compliance challenges highly visible. Struggles to understand and fulfill tax obligations are not new — states have worked for decades to manage these compliance difficulties. Where SSUTA Does — and Does Not — Ease Remote Sales Tax Compliance . SSUTA’s Role in South Dakota v.

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

Abrigo

JANUARY 3, 2024

Takeaway 2 A December 2023 final rule establishes guidelines for who may access BOI and for what purposes. This rule implements the CTA provision establishing guidelines for who may access BOI through the registry, for what purposes, and for safeguards to ensure that the information is protected.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

MAY 14, 2018

Financial institutions (FIs) that service the industry, she recently told PYMNTS, “don’t have the compliance people, processes or automated tools in place to meet the required guidelines — and are unknowingly putting their clients at risk.”. Fusion Bank targets the legal cannabis market with its cash and treasury management solutions.

Compliance 130

Compliance Guidelines Industry Taxes 130

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

Abrigo

DECEMBER 2, 2021

Using information from the core deposit study, bank or credit union management better understands depositor behavior and has critical information to develop pricing strategies and manage funding costs. You can also incorporate the results into the asset/liability management model and develop stress testing scenarios down the road.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

JUNE 4, 2019

Financial institutions should have Change Management Policies that define change, as well as establish the procedures around managing change. Changes could stem from internal sources, like policies and procedures, new products, or product updates; or they could be external changes, like new compliance rules and regulations.

Fraud 150

Fraud System Handbook Policies 150

Gonzobanker

OCTOBER 15, 2014

My heart goes out to the hard working professionals who run the Treasury Services or “Cash Management” divisions at community banks. Yet for more than a decade, cash management professionals have shown their resiliency. But lately, there are deeper lines and fatigued expressions on the faces of cash management professionals.

Management 100

Management Community Bank Community Resources 100

PYMNTS

AUGUST 31, 2018

With the app, called Onavo Protect, users can develop a virtual private network that redirects internet traffic to a private server managed by Facebook, which will send alerts when a user visits a potentially malicious site.

Policies 101

Policies Apple Guidelines social media 101

PYMNTS

AUGUST 23, 2018

With the app, called Onavo Protect, users can develop a virtual private network that redirects internet traffic to a private server managed by Facebook, which will send alerts when a user visits a potentially malicious site. The app will still be available on Android devices.

Apple 100

Apple Security Guidelines social media 100

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the credit union’s risk management controls, residual risk represents the bank or credit union’s current risk.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

JUNE 19, 2019

Increasingly, he added, spend compliance and control are driving organizations’ procurement digitization efforts. Tail spend has historically challenged an organizations’ ability to enforce its purchasing guidelines, according to Gauba, and it’s a growing issue. Expanding The Scope Of Data.

Data 116

Data Fraud Guidelines Compliance 116