ABA Risk and Compliance
 
 
 
 
October 16, 2020
Features
Staying Ahead of the Criminals: Fighting Money Laundering in a Global Pandemic
By implementing a few changes, banks’ financial crime and compliance teams can become more agile, efficient and effective in a challenging time.
How the Cloud is Helping Financial Institutions Accelerate Through Change
The coronavirus crisis is (hopefully) a once-in-a-lifetime event, but the way banks respond and adapt to its challenges has the potential to forever change the way they do business.
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
Study: Banks Saw Fewer Fraud Attempts in 2019
Banks saw fewer monthly fraud attempts in the first half of 2019 compared to the first half of 2018, according to a new pre-COVID study from LexisNexis Risk Solutions.
Agencies Grant ABA-Requested Exemption for Premium Finance Loans
The federal banking agencies and the Financial Crimes Enforcement Network have announced an exemption from customer identification program rules for bank loans to all customers to facilitate the purchase of property and casualty insurance policies, otherwise known as premium finance loans.
Is Banking on Lawyers a Formula for Success?
Lawyers now occupy seats on three-quarters of U.S. bank boards, and new evidence suggests their rapid rise is linked to improved risk management and increases in bank valuation.
Fusion Risk Management, Inc.
Oracle Financial Services Global Business Unit
Basel Committee Considering Climate Risk Assessment Techniques
The Basel Committee on Banking Supervision is considering the use of stress tests, heat maps and scenario analysis to gauge the risks from climate change on financial institutions.
ABA, Groups Call for Inclusion of AML Reform Bill in Final Defense Spending Bill
ABA joined a broad coalition of advocacy groups from different industries in a letter urging House and Senate Armed Services Committee leaders to include the Corporate Transparency Act in the final National Defense Authorization Act for fiscal year 2021.
Data Breach Response Ready
Experian Partner Solutions®
Your free go-to hub to help your business take those crucial first steps in preparing a customer first notification response. Data breach incidents unfortunately happen daily, across all businesses, all over the world. We created this hub especially for businesses to feel confident, secure, and prepared for a data breach. Whether your business is small, medium or large, we will partner to help you take proactive steps in all stages of a breach.
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