Abrigo

NOVEMBER 22, 2024

Institutions using FRAML often find themselves better positioned to identify suspicious activities linking fraud and money laundering, potentially reducing compliance costs while improving outcomes. However, institutions must be cautious to ensure compliance requirements for fraud and AML aren’t compromised.

Fraud 195

Fraud Training Risk Management Compliance 195

Perficient

MAY 30, 2024

Representatives from all three lines of defense—operational management, risk management/compliance, and internal audit—attend to present, discuss, and learn about industry shifts that are impacting risk and regulatory compliance. Sessions include a keynote interview with former FBI director James B.

Compliance 221

Compliance Industry New York social media 221

Abrigo

FEBRUARY 6, 2025

Even with strong compliance programs, theres always the potential for scrutiny from regulators. For financial institutions, this means investing in the right anti-money laundering/combating the financing of terrorism (AML/CFT) software to monitor transactions, flag suspicious activities, and ensure compliance with AML/CFT requirements.

Lending 195

Lending Compliance Community Software 195

Abrigo

FEBRUARY 25, 2025

It can automatically access credit scores and run loan details and borrower information against the financial institutions risk management policies. Small business owners loan requests that comply with policy can be automatically sent to apply rate sheets. Applying rate sheets Pricing shouldnt be a guessing game.

Lending 195

Lending FDIC Policies Analysis 195

Perficient

NOVEMBER 19, 2024

Currently, the Japanese government and regulators are taking an indirect approach of supporting a policy goal of prioritizing innovation while minimizing foreseeable harms. Japan currently has yet to pass a law or regulation specifically directed to regulating the use of AI at financial services firms.

Regulation 221

Regulation Guidelines System Compliance 221

Payments Dive

MARCH 5, 2020

tax policy at Avalara, explains why the technological innovation taking place across the convenience store industry has drastically increased the burden of product management, compliance, and shipping on businesses placing their stake in the omnichannel landscape. Scott Peterson, VP of U.S.

Taxes 371

Taxes Policies Compliance Innovation 371

Perficient

OCTOBER 28, 2024

The CFPB noted that courts have already held that an institution’s decision to use AI as an automated decision-making tools can itself be a policy that produces bias under the disparate impact theory of liability. Fraud screening.

Regulation 221

Regulation Fraud Tools Compliance 221

Perficient

MARCH 21, 2021

In today’s blog, I’ll show you how you can block downloading of files with sensitive data to unmanaged devices with the use of session policies in Microsoft Cloud App Security (MCAS). This is where our Session Policies come into play within MCAS. On the left-hand side, find the Control drop-down and select Policies.

Data 520

Data How To Policies Security 520

Perficient

MARCH 22, 2021

Last time we talked about controlling file downloads of sensitive content by using a session policy in MCAS. However, once we implemented the proper session policy in MCAS, we were able to look for files that contained sensitive information (in our case SSNs) and block anyone on an unmanaged device from downloading the file.

How To 520

How To Policies Data User Experience 520

Perficient

OCTOBER 3, 2020

Starting this month (October 5th to be exact), you can enable your Teams meeting policy to have meeting recordings saved to OneDrive and SharePoint instead of Microsoft Stream! Retention policy application. With all of that, you can then define policies to either retain, delete, or retain then delete those files.

Meeting 524

Meeting Policies Groups Training 524

Abrigo

FEBRUARY 8, 2022

What NBFIs Should Know About Their AML Programs NBFI AML compliance requirements are top of mind in today's regulatory environment. NBFIs’ AML compliance requirements. But what about the NBFI compliance factor, particularly Bank Secrecy Act and anti-money laundering (BSA/AML) compliance? DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

Perficient

FEBRUARY 16, 2023

With ServiceNow your company could achieve accelerated development, greater speed to market, and increased team execution and delivery for Financial Institutions while adhering to compliance and risks.

Operations 474

Operations Industry Compliance Management 474

Perficient

MARCH 17, 2021

While compliance with industry-specific regulations may dictate that certain work must remain within the United States, companies within financial services, healthcare, and government can still benefit from utilizing nearshore resources strategically. Compliance Considerations. Traceability. Experience.

Software 508

Software Regulation Industry United States 508

Abrigo

MARCH 11, 2025

Here are key strategies to mitigate internal fraud risks: Set the right tone at the top Leadership should communicate a strong culture of compliance and a zero-tolerance policy for fraud. Regular audits ensure compliance and identify potential vulnerabilities. Find out how Abrigo Fraud Detection stops check fraud in its tracks.

Fraud 195

Fraud How To System Leadership 195

PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 223

Compliance Tools Fraud Regulation 223

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

APRIL 16, 2025

Breaking down Credit Losses-Topic 606 Receivables In December 2024, FASB issued a proposed Accounting Standards Update (ASU) that introduces both a practical expedient and an accounting policy election. Stay tuned for future Abrigo updates on FASBs movements and how they may impact CECL strategy and compliance.

Community 195

Community Community Bank Examples Policies 195

Abrigo

SEPTEMBER 6, 2024

Updated AML/CFT programs: If their financial institution is involved in any part of the covered transaction, such as providing escrow services, AML/CFT professionals must ensure that real estate professionals and advisers are fully integrated into their institution’s compliance framework.

Compliance 195

Compliance Training Fraud Regulation 195

Abrigo

FEBRUARY 20, 2025

AI can eliminate certain processes altogether while maintaining compliance and consistency to provide a better experience for customers and staff. It can even automate approval of certain loans that meet institution-specified criteria, allowing loan approval that meets regulatory requirements and institutional policies.

Strategy 195

Strategy Compliance Data Tools 195

Abrigo

NOVEMBER 13, 2024

The board’s role in guiding supportive lending responsibly Directors play a key role in guiding portfolio growth responsibly by setting policies that allow the financial institution to respond to business owners’ cash flow needs while balancing risk and growth objectives.

Lending 221

Lending Meeting Data Risk Management 221

Perficient

MARCH 1, 2021

This means enterprises can more easily control and enforce policies using the same approach to Kubernetes to scale their applications while maintaining the necessary security. Compliance. Unlike other container security platforms, StackRox is a Kubernetes-native security platform. StackRox’s security capabilities include: Visibility.

Security 433

Security Leadership Community Google 433

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. When customers have no legally issued ID, alternative know-your-customer policies are indispensable. However, 16% of Americans do not drive.

Compliance 195

Compliance Community System Training 195

Perficient

FEBRUARY 13, 2021

1:1 Call Recording Policy Introduction. Starting mid-March, Microsoft will begin changing how 1:1 Call recording is enabled by creating its own policy. In its current state, 1:1 Call recording is controlled via the -CsTeamsMeetingPolicy / AllowCloudRecording attribute. New Revised In-meeting Share Experience.

Meeting 520

Meeting Policies Groups Training 520

Perficient

JANUARY 16, 2024

Clear Policies and Procedures: Establishing clear guidelines and protocol practices is crucial in safeguarding your business. Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies.

Compliance 221

Compliance Guidelines Policies Risk Management 221

CFPB Monitor

MAY 3, 2022

The Guidance emphasizes “the importance of blockchain analytics to effective policies, processes, and procedures, including, for example, those relating to customer due diligence, transaction monitoring, and sanctions screening.”. Conducting Transaction Monitoring of On-Chain Activity.

Analytics 147

Analytics blockchain Compliance Policies 147

Perficient

AUGUST 7, 2020

The Advanced Communications add-on will give you additional benefits around calling and meeting capabilities (which includes large meetings, meeting customization, communications integrations, and workflows) as well as the necessary tools to manage your organization’s communications policies. Compliance recording integration (ISV).

Meeting 399

Meeting Compliance Tools Branding 399

Perficient

NOVEMBER 30, 2021

Using what could be described as “agile policy-making,” the agencies conducted a series of interagency “policy sprints” focused on crypto assets. The regulators broadly defined crypto assets as any digital asset implemented using cryptographic techniques.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

South State Correspondent

MARCH 24, 2025

Examining supply chain vulnerabilities exposed by current trade policies, including dependence on imported raw materials or overseas manufacturing. Facilitating Connections: Referring clients to qualified trade compliance experts or consulting firms specializing in USMCA certification.

Risk Management 195

Risk Management Resources Management Marketing 195

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 221

Training Compliance Fraud Policies 221

Perficient

DECEMBER 8, 2020

We created an automation strategy for improving cloud operations, which also provided DevSecOps risk mitigation and allowed our client to meet compliance requirements. Now, employees can easily access the information they need about products, research, policies, and their colleagues. Data Lake Modernization. Financial Services.

Google 493

Google Data Technology System 493

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

MARCH 7, 2021

With adoption rates of Power Platform skyrocketing, so do the critical questions of groups (Security, Compliance, IT, Legal) within the organization : “How do we limit our exposure to data leaks?”. The third is to begin establishing the organizational policies, procedures and compliance needs to fit your needs.

Resources 322

Resources Compliance Innovation Analytics 322

Perficient

FEBRUARY 15, 2024

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

New York 221

New York Compliance Regulation Analysis 221

Perficient

JANUARY 9, 2021

In today’s blog, we’ll cover some of the biggest updates around meetings, calling, management, and even security and compliance released in late December/early January! . In addition, you can use the same policy to configure access to personal accounts. . Security and Compliance. Breakout Rooms.

Video 532

Video Meeting Community Management 532

Perficient

JUNE 16, 2021

This metadata query facility should also facilitate the entitlement process by integrating with the firm’s workflow management tool to ensure full compliance with established data access policies.

Data 294

Data Tools Resources Policies 294

Chris Skinner

MARCH 21, 2017

Hmmmm … The Guardian contacted many of the banks involved and none of them challenged the authenticity of the data, but they all insisted they had strict anti-money-laundering policies. The response from RBS was typical. You can read the full bank responses on The Guardian’s website. appeared first on Chris Skinner's blog.

Compliance 291

Compliance System Policies Fraud 291

PYMNTS

AUGUST 16, 2020

The project’s policy design is set to be complete by the end of the year, although there’s no set date for when the expansion will begin.

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California Bitcoin cryptocurrency Meeting 335