ABA Risk and Compliance
 
 
 
 
April 1, 2022
Features
Building a Successful CRA Strategy and Action Plan for 2022
Creating an annual CRA strategy is an industry best practice that lets you manage your strategic priorities along with the resources available for the year ahead.
Podcast: What Banks Need to Know about Russia Sanctions Compliance
In the wake of Russia’s invasion of Ukraine, western governments have imposed unprecedented financial sanctions on individuals, businesses, banks and governments in Russia, Belarus and Russian-occupied areas of Ukraine.
Asurity Technologies
International Monetary Fund
1071: What Does the Final Rule Mean for Small Business Lenders
Ncontracts®
The CFPB has released the final rule implementing Section 1071 of the Dodd-Frank Act. Ncontracts regulatory compliance experts have gone through all 800+ pages. Whether you're a commercial lender, compliance professional, or member of the C-suite, this webinar on Thursday, April 20, 2023 at 1pm CST will help you understand what the Section 1071 final rule means for your team and how to move forward with confidence. 
Register Now
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Risk and Compliance News
ABA Urges FinCEN to Revise Pilot SAR Sharing Program
ABA has told the Financial Crimes Enforcement Network that the proposed pilot program for domestic financial institutions to share suspicious activity reports with their foreign branches, subsidiaries and affiliates "needs to be significantly revised" in order to be efficient and effective.
FDIC Issues Draft Principles on Climate Risk Management
The FDIC has released for comment a set of draft principles to guide a framework for climate risk management for banks with more than $100 billion in total consolidated assets.
ABA Regulatory and Compliance Inbox: Can We Base Mortgage Credit Decisions on the Assets of the Borrower?
What would my bank report if instead of income it based the credit decision on the assets of the borrower?
FDIC: Banks Reporting More Sophisticated Cyber Attacks Since Start of Pandemic
Since the start of the pandemic, banks have reported more sophisticated cyber attacks, said Lisa Arquette, associate director of the FDIC’s anti-money laundering and cyber fraud division at a recent industry event.
Abrigo
Winnow Solutions, LLC
FBI Fin Crimes Chief Calls for Dialogue with Regulators on SAR Objectives
Speaking at a recent industry event, Aaron Tapp, section chief for the Federal Bureau of Investigation’s financial crimes section, told financial crimes professionals that it "might be time to have a conversation" between regulators and law enforcement to discuss how financial institutions can best provide actionable information to law enforcement while meeting their regulatory obligations.
Assistant AG: DOJ Considers Involving CCOs in Corporate Resolutions
In all of the Department of Justice’s corporate resolutions regarding AML compliance violations—including guilty pleas, deferred prosecution agreements or non-prosecution agreements—it will now consider requiring both chief executive officers and chief compliance officers to certify that a company has remedied the situation, Assistant Attorney General Kenneth Polite announced.
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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