ABA Risk and Compliance
 
 
 
 
March 4, 2022
Features
A Moving Target: Pandemic Impacts on Anti-Money Laundering Compliance
Banks focusing on innovation in their processes, people and technology will be well placed to implement effective BSA/AML compliance programs.
How Banks Can Manage Business Decisions and Communications to Foster Sound Risk Culture
Banks benefit by taking systemic steps to identify, measure, monitor and control business decisions and internal communications across the enterprise.
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
Fed: Large Banks Continue to be Resilient
The nation’s large banks at the core of the financial system "continue to be resilient" while some financial vulnerabilities remain elevated, the Federal Reserve said in its semiannual monetary policy report.
GOP Senators Re-Introduce ABA-Backed E-Sign Modernization Bill
ABA welcomed the re-introduction of a bill authored by Sens. John Thune (R-S.D.), Jerry Moran (R-Kan.) and Todd Young (R-Ind.) and Marsha Blackburn (R-Tenn.) that would streamline how consumers consent to receiving electronic documents, such as bank statements, account information and contracts.
Powell Signals Fed to Move Forward with Interest Rate Hikes
Federal Reserve Chairman Jerome Powell told members of the House Committee on Financial Services that he expects the Fed to raise interest rates at the next meeting of the Federal Open Market Committee on March 15-16.
FSB to Prioritize Transition to Post-Pandemic World, Digitalization, Climate Change
In a recent letter to G20 finance ministers and central banks governors, the Basel, Switzerland-based Financial Stability Board outlined its priorities for 2022.
Abrigo
CFPB Issues Compliance Bulletin on Auto Repossessions
In a new compliance bulletin, the CFPB signaled that it will hold auto loan holders and servicers "accountable for [unfair, deceptive or abusive acts and practices] related to the repossession of consumers’ vehicles."
Russian Banks Denied Access to Swift; Biden Sanctions Putin
As the conflict in Ukraine continues to escalate, President Biden and several world leaders agreed to block certain Russian banks from accessing the Swift global messaging system.
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

March 9
Webinar: Appraisals – FAQs on Regulations and Compliance

March 10
Webinar: Tips and Tools to Protect Consumers from Scams

March 21 - April 22
Facilitated Training: Managing the Bank's Investment Portfolio

March 23
Webinar: ESG Regulation Is Coming — Is Your Bank Ready?

March 23 - April 6
Virtual School: Compliance School - Foundational

March 29 - 31
Virtual Conference: Risk 2022

March 31
Webinar: Digital Accessibility: Equity, Inclusion, and the Bank’s Bottom Line