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Bankers' Hotline, Volume 24, Number 8

August 19, 2014

FinCEN on SARs and Risky Business

by Teri Wesley

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

by Teri Wesley

To beef up efforts in identifying and mitigating illicit financial activity, FinCEN is proposing enhancements to existing customer due diligence programs.

In The News

Statistics, Facts, & Such

Regulatory Update
FDIC Finds First Wave Submissions Lacking

Training Page
Knowing the Credit Report Rules

by P. Kevin Smith, CPP

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

by P. Kevin Smith, CPP

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

Other Bankers

Executive Director:
Barbara Hurst
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

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