Abrigo

MARCH 27, 2025

They require a mix of judgment, data, and defensibilitywithout clear instructions from regulators on exactly how to apply them. Step 3: Align Q factors with risk categories To keep things structured, organize your qualitative factors into key categories: Economic environment National, regional, and local economic trends.

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How To Data Lending Comparison 195

Abrigo

FEBRUARY 28, 2025

Regardless of the current budget, regulators will expect adequate technological and human resources to protect the institution's safety and soundness. FIs must stay up with the newest schemes and typologies, and processes, and education must reflect the most current technology being used to commit fraud.

Fraud 221

Fraud social media Training Community 221

Abrigo

JULY 1, 2021

You might also like this webinar: "Human Trafficking - Close to Home" WATCH . When you come in contact with transactions that just don’t feel right, don’t hesitate to file Suspicious Activity Reports (SARs) and call the National Human Trafficking hotline at 888-373-7888. . BSA Rules and Regulation. Send me related content.

Training 370

Training Conference Community Video 370

Abrigo

JUNE 19, 2022

You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined." 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. keep me informed. Related Subhead.

Tools 195

Tools Regulation Data Resources 195

Abrigo

JULY 9, 2024

Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs. Takeaway 1 FinCEN’s proposed new AML/CFT program rule is intended to redirect AML/CFT programs to focus on the highest-risk areas, using innovative techniques and a goal-oriented approach.

Compliance 221

Compliance Fraud Regulation National 221

Abrigo

OCTOBER 19, 2023

Launched to provide resources Cybersecurity Awareness Month was launched in 2004 by the National Cybersecurity Alliance (NCA) and the U.S. The idea was to create a national campaign to educate people about cybersecurity basics, such as using strong passwords, updating software, and avoiding phishing emails.

Online 221

Online Security Resources Training 221

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters. Encouraging innovation : Inconsistent regulations can deter fintech companies from entering certain markets.

Compliance 195

Compliance Fraud Regulation Guidelines 195

Abrigo

JANUARY 17, 2024

You might like this upcoming webinar, " Unveiling human trafficking: Perspectives, realities, and strategies." The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. Know the red flags to watch for. and worldwide.

Training 259

Training Community Software Texas 259

Abrigo

FEBRUARY 6, 2024

You might also like this upcoming webinar, "Relationship banking: 7 Keys to extraordinary results." Get ready for the next credit cycle with credit department housekeeping tips from this webinar. How robust is your compliance program?

Lending 221

Lending How To Risk Management Policies 221

Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training National Strategy Regulation 195

Abrigo

DECEMBER 4, 2015

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

North Carolina 150

North Carolina Ohio DC Regional 150

Abrigo

MARCH 31, 2023

You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns.

Risk Management 195

Risk Management Policies Capital Maine 195

Abrigo

JULY 10, 2020

Both advisor ies further remind institutions that detecting and reporting fraud and other illicit activity is critical to our national security and protecting innocent people from harm. According to the new advisory , t wo fraud typologies are trending: imposter scams and money mule schemes. C&I Loans. Lending & Credit Risk.

Fraud 195

Fraud Lending Software Analytics 195

Abrigo

FEBRUARY 28, 2023

You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." According to the Credit Union National Association , the most common example is when someone impersonates an employee's boss, asking the employee to buy gift cards and forward the numbers and codes via text.

Fraud 195

Fraud How To Training Trends 195

Abrigo

APRIL 6, 2022

You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs.

Security 195

Security Regulation District of Columbia United States 195

Abrigo

SEPTEMBER 6, 2024

You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." According to the Treasury , the rule will provide highly useful information to law enforcement authorities and national security agencies. Here is what you need to know. Stay up to date on AML/CFT and fraud trends.

Compliance 195

Compliance Training Fraud Regulation 195

Abrigo

JANUARY 11, 2023

You might like this upcoming webinar, " Human trafficking awareness: Detecting, reporting, and partnering for survivors." Institute Against Human Trafficking reported that the 2020 Super Bowl in Miami saw a 163% increase in human trafficking reports to the national hotline over the course of the event. BSA Rules and Regulation.

Training 195

Training Software Tampa Regulation 195

Abrigo

MAY 20, 2020

FinCEN reminds financial institutions that “detecting, preventing, and reporting COVID-19 scams and illicit activity is critical to our national security.” FinCEN issued an advisory on May 18, 2020 to alert financial institutions to medical scams related to the COVID-19 pandemic as well as new SAR key terms for reporting these scams.

Lending 195

Lending Fraud Training Report 195

Abrigo

JANUARY 21, 2020

Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking. State Banking Regulators. I believe we will see more state banking regulators join them in 2020. National Credit Union Association. BSA Rules and Regulation. GET STARTED. Conclusion. Cannabis Banking.

United States 243

United States New York Regulation Industry 243

Abrigo

MAY 1, 2023

You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." Visit the National Suicide Prevention Lifeline or simply dial 988 to reach them. We can help you navigate changing AML/CFT and fraud regulations. Here are signs to look for and ways to destress.

Strategy 195

Strategy Training Fraud Software 195

Abrigo

OCTOBER 9, 2024

In this blog, we explore how banks and credit unions have adapted their approach to Q factors under CECL and share insights from an Abrigo advisory webinar on managing this critical part of the ACL process. Documentation and support: Regulators expect transparency in the CECL Q factor process.

Risk Management 195

Risk Management Management Compliance Data 195

Abrigo

DECEMBER 16, 2019

Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. During the webinar, Felicity Ours, CPA, CRC, of Summit Financial Group (NASDAQ: SMMF), a $2.2 I don’t have any SEC clients at this point who have the calculation tied up with a bow,” King said. Learn More.

West Virginia 195

West Virginia Virginia Data Community 195

Abrigo

SEPTEMBER 30, 2024

It also directly responds to evolving regulatory requirements, especially with fraud now included in FinCEN’s national priorities. FinCEN’s national priorities now include fraud. Regulatory alignment : As fraud is now part of FinCEN’s national priorities, integrating fraud detection into AML/CFT programs is essential for compliance.

Management 195

Management Fraud Software Compliance 195

Abrigo

JULY 17, 2017

“The challenge with the piecemeal approach right now is that every project becomes a new and different project,” says Donny Shimamoto, CPA.CITP, CGMA, founder of advisory-focused CPA firm IntrapriseTechKnowlogies LLC in Honolulu and a nationally recognized accounting technology thought leader. “If

Honolulu 150

Honolulu Taxes eBook Leadership 150

Abrigo

JANUARY 3, 2024

You might also like this on-demand webinar, "How the AMLA & CTA will affect your AML program." Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry.

Fraud 221

Fraud Regulation Report Compliance 221

Abrigo

AUGUST 31, 2023

From a security standpoint, forcing customers into Western nomenclature can lead to missed OFAC specially designated nationals (SDN) list matches, and open-source information searches could be lost or overlooked.

Compliance 195

Compliance Community System Training 195

Abrigo

FEBRUARY 10, 2022

You might also like this webinar on the changes related to the AMLA. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. AMLA will see changes in 2022 Now is an optimal time to evaluate the effectiveness of your beneficial ownership and due diligence program. . Need to Know. Learn More.

Training 195

Training Regulation Report Compliance 195

CFPB Monitor

APRIL 7, 2020

Chris Willis, Practice Leader of Consumer Financial Services Litigation at Ballard Spahr, also participated in the webinar, and Alan Kaplinsky, Practice Leader of the firm’s Consumer Financial Services Group, moderated the webinar.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. The stress test scenarios present hypothetical levels on common national level economic factors. Related Subhead.

Capital 195

Capital Regulation Risk Management Community 195

Abrigo

MARCH 3, 2023

You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering/countering the financing of terrorism (AML/CFT) National Priorities. Mail since the COVID-19 pandemic.

Fraud 195

Fraud United States Trends Software 195

Abrigo

DECEMBER 10, 2021

This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. Remember, regulators use this instruction manual when they conduct an examination. Watch Webinar. BSA Rules and Regulation. The importance of updating your AML program.

Training 195

Training Regulation Policies ATM 195

Abrigo

FEBRUARY 15, 2023

You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." Proliferation financing – Proliferation financing refers to providing funds or financial services used for manufacturing or using nuclear, chemical, or biological weapons in breach of national laws or international obligations.

Fraud 195

Fraud United States Training Trends 195

Abrigo

NOVEMBER 18, 2019

It spares financial institutions, federal home loan banks, insurers, and their employees who provide banking services to state or tribe licensed CRBs or MRBs from prosecution under federal law or regulation. Are you still confused on the rules and regulations around banking cannabis-related businesses? BSA Rules and Regulation.

Regulation 150

Regulation Community National Operations 150

Abrigo

FEBRUARY 8, 2022

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. Below are 10 things NBFIs should do to ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

SEPTEMBER 13, 2022

Get more BSA training on the latest fraud trends with this webinar. Watch Webinar. BSA Rules and Regulation. BSA Rules and Regulation. Sophisticated measures. Technological advances in transaction monitoring. System optimization, or parameter tuning, is critical for BSA/AML software to remain risk-based. keep me informed.

Software 195

Software Resources Training Compliance 195

Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . You might also like this webinar, "Calibrating the loss experience to economic conditions." Communication Urged.

Regulation 195

Regulation Management Video Data 195

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. On January 29, 2020, from 12 p.m.

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FDIC Regulation Community Retail 78