ABA Risk and Compliance
 
 
 
 
January 31, 2025
Features
In a world where artificial intelligence is rapidly advancing from a distant dream technology to an accessible tool of working and consumer life, criminals have certainly noticed. On this episode of the ABA Fraudcast, test your discerning skills at identifying who is real and who is AI. Impersonating the voices of people familiar to us is rapidly becoming a new type of threat. And it will be difficult to stop.
ABA Banking Journal annually explores leading challenges for bankers, with insights from experts at American Bankers Association and from across the banking industry.
360factors, Inc
LemonadeLXP
Banks must have strong risk-management practices in place when using third-party cloud service providers, starting with contract language.
The ABA Foundation and the U.S. Postal Inspection Service have released three new infographics on money mule scams and check fraud as part of their shared ongoing initiatives to protect consumers from scams.
Ncontracts Launches Nstitute: An Online Training Program to Earn Nstitute Certified Vendor Management Professional (NCVMP) Certification
Ncontracts®
Ncontracts, launched an online training program “Nstitute Certified Vendor Management Professional (NCVMP)" certification based on the new interagency guidance on 3rd party risk management. Nstitute is a self-paced, training program that covers essential areas of third-party risk management to empower vendor managers and professionals tasked with overseeing third-party vendors, consultants, fintechs, and others. Ncontracts is currently offering an exclusive 30% discount. 
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The FDIC has rescinded job offers to more than 200 new examiners because of a government-wide hiring freeze implemented by President Trump.
Central banks need to find a balance between fostering innovation using artificial intelligence and mitigating the different risks the technology may generate, the Bank for International Settlements concluded in a new report on AI adoption by central banks.
Shield Compliance
Protecht Group
The 2023 decision by banking regulators to invoke a systemic risk exception to protect uninsured deposits following the Silicon Valley Bank and Signature Bank failures likely prevented further instability in the U.S. banking system, the Government Accountability Office said in a new report.
As part of a sweeping action revoking multiple Biden-era policies, President Trump rescinded a 2023 executive order directing federal agencies to review and possibly draft new rules governing the use of artificial intelligence across multiple sectors of the economy, including financial services. Trump also rescinded a 2021 executive order seeking more disclosure of financial risks linked to climate change.
Cut Compliance Costs by Reducing False Positives
LexisNexis Risk Solutions FL Inc®
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Training

February 20
Webinar: Bank Fraud Forecast

February 27
Webinar: Bridging Regional Insights and National Lending Surveys

March 17 - 20
School: Compliance School – Intermediate
Emory Conference Center Hotel, Atlanta, GA

March 17 - 21
School: Compliance School – Foundational
Emory Conference Center Hotel, Atlanta, GA

March 17 - 21
School: AML and Fraud School
Emory Conference Center Hotel, Atlanta, GA

March 19
Webinar: Identifying Money Mule Accounts