ABA Risk and Compliance
 
 
 
 
May 28, 2021
Using Tech to Curb the Kingpins of Financial Crime
PWC®
It’s among a chief compliance officer’s worst nightmares: A bank’s financial crimes unit discovers that a commercial banking client is laundering money. The bank quickly cuts off the lawbreaker and notifies the U.S. Treasury. Case solved, right? Not so fast.
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Features
Fighting credential stuffing requires planning and coordination across security, fraud, technology and customer experience teams.
Nicole Kitowski started her career at Associated Bank as a teller in high school. Nearly three decades later, she brings that experience on the front lines to her role as Associated’s chief risk officer.
Asurity Technologies
Western Union Business Solutions
WHY YOUR BANK NEEDS A CMS
Ncontracts
Regulators have been emphasizing the importance of a strong and effective Compliance Management System. This whitepaper will walk you through the basics of a CMS while offering practical advice on how to ensure your CMS supports your strategic goals.Takeaways include:
·A primer on CMS requirements
·4 key elements to prioritize when designing or updating a CMS
·7 CMS features that should align with your bank’s goal and structure
·Examples of failed CMSs and compliance controls
CLICK HERE TO DOWNLOAD AND LEARN ABOUT OUR CMS SOFTWARE
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Risk and Compliance News
With projected economic growth expected to create a positive environment for bank performance in the remainder of 2021 and 2022, according to the OCC’s new Semiannual Risk Perspective, newly appointed Acting Comptroller Michael Hsu said "it’s critical that bankers and their regulators guard against complacency."
ABA urged the FDIC to modernize its signage requirements to reflect new technologies and provide clarity about requirements regarding displays, promotional materials and social media advertising.
The CEOs of the nation’s largest banks recapped their institutions’ efforts to support their customers and communities through the COVID-19 pandemic and its aftermath during a Senate Banking Committee oversight hearing.
With PPP funds drawing down, the focus of bankers and the SBA will turn fully to forgiveness. What do compliance professionals need to know?
On this episode of the ABA Banking Journal Podcast, Brian Miller, the Treasury Department special inspector general for pandemic relief, discusses the effectiveness of COVID relief programs and investigations into fraud involving these programs.
Abrigo
A10 Networks, Inc
ABA and 10 other trade groups commented on the banking agencies’ proposed flood insurance guidance and stressed that question and answers are supervisory guidance and should not serve as the basis for supervisory action.
Federal Reserve Vice Chairman Randal Quarles told the Senate Banking Committee that he sees the overall risks to financial stability as "moderate," but that there are some risks around nonbank financial institutions.
During a virtual roundtable hosted by the Financial Accounting Standards board this month, investors, bankers and regulators expressed broad agreement on accounting alternatives related to troubled debt restructurings under CECL and acquired loans.
Crisis Response Management: Decoded
Experian Partner Solutions®
In an age of infinite information where a company’s reputation can be destroyed in as little as 140 characters, it may seem difficult to bounce back from a crisis, but it is possible. Businesses that are prepared for natural disasters or other incidents can protect themselves from serious financial losses, and keep their reputation and customer loyalty intact, if they have the right tools.
Download this e-book to explore
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Training