Monday, January 13, 2014



The following articles are featured in the Compliance section:
  • When is Outsourcing BSA/AML Transaction Monitoring a Good Fit?
  • How Many Lists Make Up SDN List (OFAC)
  • Bail Bonding Funds Considered Public Funds?
  • Reg E Liability and Provisional Credit
  • Reg E Claim Represented By Terminal Owner
  • Excessive Transaction Reports and Eagle Cash Cards
PATRIOT OFFICER® offers the most effective and advanced technology to consolidate your Anti-Money Laundering, Anti-Terrorist Financing, and Anti-Fraud effort through a centralized case management platform with the highest efficiency? Contact sales@gv-systems.com to see how easy you can manage your regulatory compliance and risk management resources with optimal efficiency while removing duplicate effort.



The following articles are featured in the Lending section:
  • Is It Possible to Go Completely 'Paperless' With Regard to the Loan Management Process?
  • Do Banks Still Use Paper Loan Files?
  • What Do Banks Cite As Their Biggest Challenges Preventing More Efficient Loan Management?
  • What Do the New OCC Third-Party Oversight Requirements Mean for Appraisals?
  • Parameters for Determining High Priced/HPML
  • Enter All Payment Streams (ARM) and Violations
  • Can Tenant Carry Flood Insurance on Rental Prop?
  • Odd Days Payment and APR Calculation
there are strict new requirements for third-party oversight? According to Fannie Mae and the OCC, of course your appraisal providers fall into that category. Download the industry collaborative white paper "Appraisal QC: Industry Best Practices" here.

there are countless advantages to outsourcing BSA/AML Transaction Monitoring to the experts? Imagine NO MORE transaction monitoring, alerts, caseloads and staffing issues, while creating more time for other responsibilities. Outsource your transaction monitoring to AML RightSource and experience continuous process improvement to increase the effectiveness of your BSA program.



The following articles are featured in the Operations section:
  • Customer Opened Roth IRA & No Earned Income
  • Put Beneficiary on Sole Proprietor Checking?
  • Business Check Cashers-Use Acct# As Endorsement?
  • Point When Postal MO Becomes Stale Dated?
  • Fed Funds and Prime Rates Increase/Decrease
that managing loan files electronically can significantly streamline your audit and exam preparation process? Systems such as AccuAccount reduce auditor expenses, improve information accuracy, and minimize lost or missing files. Learn why auditors are recommending document management software. Watch this free video.

that vendors are your partners in success? Delivering critical services to your customers or helping you run your organization more profitably? With vendors, there are operational and regulatory risks that require management. Click here to register to win a one year subscription to Supernal Software's Vendor Management Software.



The following articles are featured in the Security section:
  • Arming Tellers With Pepper Spray for Security?
an integrated wire transfer process can help reduce operating costs and increase customer service levels? LexisNexis® Bridger Insight XG helps expedite EFTs and seamlessly integrates with existing systems. Speed customer service with a more efficient workflow while maintaining the advantage of robust watchlist checking with 100% coverage of global sanctions lists. Can you increase the speed of your wire transfer process? Find out more with a full overview.

you can learn winning strategies and tactics from chief risk and compliance officers, regulators and other experts at the FIS EGRC Summit 2014? Join us at Loews Coronado Bay Resort in San Diego on January 23-25, 2014 for interactive, in-depth sessions on BSA/AML and financial crimes, new CFPB regulations, UDAAP, fair lending and cybersecurity. Register today!



Read the Current Edition of Tech Talk

conducting Regression Analysis on your loan data is the only definitive way to determine if your institution treats all applicants equally. However, Fair Lending Regression Analysis isn't right for everyone. Download a FREE eBrief, "A Fair Lending Regression Primer" from TRUPOINT Partners to learn how regression is used in Fair Lending compliance.



Are you looking for help from other bankers?
Check out the
Bankers' Threads!

Avoiding Fictitious Loans with Dual Control
We are in the process of going to a document imaging system and are thinking about eliminating the middle man (i.e., loan secretaries). However, this raises the question of what controls do we need to put in place in order to prevent fictitious loans from being made. Any ideas?

Read and weigh in with some helpful information on Loan Officers as Originators in the Audit Forum.

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