Bankers' Hotline, Volume 24, Number 8
FinCEN on SARs and Risky Business
During a recent speech, FinCEN Director Jennifer Shasky Calvery stressed the importance of servicing and monitoring risky businesses, and the value of reporting suspicious activity.
Enhanced CDD Procedures Proposed
To beef up efforts in identifying and mitigating illicit financial activity, FinCEN is proposing enhancements to existing customer due diligence programs.
In The News
- CFPB Comes to Military's Defense
- Helping Consumers Set Financial Goals
- Costly Opt-In for Overdrafts
- The Value of $1 Currency vs Coin
Statistics, Facts, & Such
Regulatory Update
FDIC Finds First Wave Submissions Lacking
Training Page
Knowing the Credit Report Rules
Customers often turn to their financial services providers for advice on correcting false credit reports. Your staff should be trained to respond to and assist those customers with the appropriate information and resources.
Virtual Currency Advisory
The CFPB wants to make sure consumers know the risks associated with virtual currency and what to do if they encounter problems.
Priceless Promotional Campaign
A bank's grand gesture of appreciation turned into a viral (priceless) promotional campaign.
Focus on Fraud
From the editor's desk
Check Egos at the Door
The key to an effective access control program is limiting access privileges based on relevant job functions versus the employee's job title.
War Stories
Questions & Answers
- Virtual Kidnaping Scams
- Safe Deposit Box Coverage
- Defining an "Abusive" Act
- Why Do I Need UDAAP Training?
Other Bankers
- Executive Director:
- Barbara Hurst
- Editor:
- P. Kevin Smith, CPP
- Contributing Editor:
- Genilee S. Parente
- Board of Advisors:
- John S. Burnett
Peter G. Djinis, Esq.
William Gearin
Lucy H. Griffin
Mary Beth Guard, Esq.
David McGuinn
Robert G. Rowe, III, Esq.
Barry Thompson
Dana Turner
Andy Zavoina