ABA Risk and Compliance
 
 
 
 
October 29, 2021
Combating Mobile Banking Fraud: The First Line of Defense
Nice Actimiz®
Today, you would be hard-pressed to find an average customer who doesn’t conduct their banking through digital channels. Even more so now with the convenience of mobile banking, where it’s quickly becoming the preferred method of banking, due to the ease and convenience found at the tip of your fingers.
Click here to learn more
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Features
For banks, understanding what constitutes ESG and most prominent global frameworks will be time well invested to raise awareness and prepare for what will follow.
Asurity Technologies
International Monetary Fund
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
A broad coalition of 99 trade groups, including ABA, representing various industries wrote to President Biden urging him to withdraw a controversial proposal that would require financial institutions to report information to the Internal Revenue Service on gross inflows and outflows for accounts above a specified de minimis threshold.
The outlook for financial stability continues to be dominated by the economic fallout from the COVID-19 pandemic, according to a new report released by the Basel, Switzerland-based Financial Stability Board.
The Department of Justice, in collaboration with the OCC and CFPB, launched a major new initiative to combat redlining and discriminatory lending practices, and announced the first settlement reached under the new program.
The more people are looking for vulnerabilities, flaws in security structures and emerging threats, the more prepared financial institutions will be for a potential attack.
Abrigo
A10 Networks, Inc
The OCC has issued a set of frequently asked questions on its notice of proposed rulemaking to rescind its 2020 Community Reinvestment Act rule and replace it with rules based on the 1995 CRA rules that were jointly adopted by the OCC, Federal Reserve and FDIC.
The Department of Labor issued a field assistance bulletin to extend the compliance date for the class exemption on investment advice.
The Financial Stability Oversight Council said that climate change represents an "emerging threat" to U.S. financial stability, and approved a report containing more than 30 specific recommendations that its member agencies can take to identify and address climate-related financial risk.
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

November 1 - January 7, 2022
Facilitated Training: Managing Interest Rate Risk

November 16
Webinar: Bank Trends in Safeguarding Seniors' Financial Lives

December 16
Webinar: Risk Management: Takeaways From 2021 and What to Watch for in 2022

2022
January 11 - 13

Virtual Conference: ABA/ABA Financial Crimes Enforcement Conference

January 30 - February 2

Conference: Insurance Risk Management Forum
Omni Amelia Island Resort, Fernandina Beach, FL