BankNews.com

BankNews

Compliance

Risk and Finance: Better Together

By Thorsten Hein

Changing regulations and new accounting standards are creating enormous challenges for financial organizations. To successfully meet these new requirements, organizations need to rethink the way they operate.

(more…)

Trending in 2019: Financial Compliance Risk Reduction

By Iain Daws

Since the financial crisis in 2008, financial compliance has undergone a significant shift. Regulators and governments have introduced stricter, more comprehensive rules. Complying with regulatory mandates — such as the Dodd-Frank Act in the United States and MiFID II in the European Union — requires effective, reliable and accurate communications capture, as well as ongoing, proactive communication surveillance and infrastructure monitoring.

(more…)

Thinking Outside the Black Box

Why AI in AML makes sense.

By Alaina Webster

Recently, federal regulatory agencies issued a joint statement that, boiled down, encourages financial institutions to take advantage of the possibilities artificial intelligence (among other new technologies) might offer banks in meeting their Bank Secrecy Act/anti-money laundering compliance requirements.

(more…)

BSA/AML Online: Betrayed by the Browser

By John Klassen

The websites of state and federal regulators are among the online destinations most frequently accessed by compliance managers and anti-money laundering/anti-fraud analysts and researchers. While improving productivity, government online resources often suffer from various IT security weaknesses. BSA/AML specialists who access vulnerable sites become a target — because their browser betrays them.

(more…)

New CFPB Rule Could Impact Privacy Requirements

By Alexander F. Koskey

The Consumer Financial Protection Bureau has issued its final rule adopting changes to Regulation P, which governs the requirements for a financial institution to issue privacy notices to its customers. The final rule implements new timing requirements for sending annual privacy notices pertaining to financial institutions that no longer qualify for the exception and eliminates the “alternative delivery” option for annual privacy notices. The most significant impact of the final rule is the creation of an exception that permits financial institutions to avoid sending annual privacy notices to its customers under certain circumstances.

(more…)
  • Sign Up

  • Categories

  • Archive

Software: Kryptronic eCommerce, Copyright 1999-2019 Kryptronic, Inc. Exec Time: 0.074354 Seconds Memory Usage: 3.800079 Megabytes
Kryptronic