ABA Risk and Compliance
 
 
 
 
February 28, 2025
Features
The big story of check fraud is not only its vast cost to the country and to individual victims, but simply the remarkable rate at which it is increasing. On this episode of the ABA Fraudcast, ABA’s Paul Benda discusses with Caitlin Piasecki of the United States Postal Inspection Service the enormous scale and challenge of addressing mail theft, a common venue for criminals to access paper checks.
Citing growing concerns from community bankers about the regulatory burden on their institutions, Federal Reserve Bank of San Francisco President Mary C. Daly said regulators must strive to find a "middle ground" between protecting the public and giving banks free rein to engage in risky behavior, during a speech at the ABA Conference for Community Bankers.
360factors, Inc
Orion
A recent poll of U.K. residents found that most were likely to withdraw their money from a bank after being exposed to fake news and social media posts created using artificial intelligence.
In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day roundtrips for bowling tournaments. For Clayton, that commitment to going the distance is also what community banking is about. On the latest episode of the ABA Banking Journal Podcast Clayton discusses what makes community banks like his tick.
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 Financial Action Task Force has updated its lists of jurisdictions with strategic deficiencies in countering anti-money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction, the Financial Crimes Enforcement Network announced.
In a letter to senators, the ABA highlighted recent FDIC documentation showing that regulators discouraged banks from fully engaging with digital assets, stressing that such a decision should be left to banks.
In a court filing this week, the Trump administration said it does not plan to eliminate the Consumer Financial Protection Bureau but instead transform it into a more streamlined agency.
Shield Compliance
Protecht Group
The ABA voiced support for new rules by the Federal Communications Commission that would combat illegal calls. The draft order, which is scheduled for a vote by the FCC on Feb. 27, would require all voice service providers in the call pathway to block calls that are highly likely to be illegal based on a "reasonable do-not-originate" list.
The Financial Crimes Enforcement Network issued a statement calling on financial institutions to remain vigilant regarding suspicious activity that may be indicative of relationship investment scams.
Republican lawmakers on the House Financial Services Committee offered five recommendations to the FDIC on how to "clarify" digital asset regulation and prevent alleged debanking. The recommendations include eliminating reputational risk as a supervisory factor and subjecting all supervisory guidance to external, periodic review.
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Training

March 5
Webinar: Scams Against Americans – 2025 Edition

March 6
Webinar: Supporting Financial Crimes Victims

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

April 7 - May 30
Facilitated Training: Managing Interest Rate Risk

April 16
Webinar: 2025 Regulatory Updates and Compliance Challenges – Part 2