Friday, August 17, 2018

To access specific issuances, go to our Top Stories section, where you'll find links to all the relevant documents.
PATRIOT OFFICER®
Risk Scoring — The Essential Element of BSA/AML Compliance
www.gv-systems.com

PATRIOT OFFICER automatically calculates risk scores for each customer to identify higher-risk customers and monitors them more closely as the regulations mandate. The solution automatically detects check fraud, check kiting, deposit fraud, ACH fraud, wire fraud, Internet banking fraud, credit/debit card fraud, ATM fraud, employee fraud, and financial fraud to prevent losses. PATRIOT OFFICER is the only BSA/AML/FRAUD solution endorsed by American Bankers Association.
— GlobalVision Systems, Inc.


FHA updates Puerto Rico and Virgin Islands disasters policy
To help struggling borrowers in Puerto Rico and the U.S. Virgin Islands impacted by Hurricanes Irma and Maria, the Federal Housing Administration (FHA) announced yesterday that it is updating its menu of foreclosure prevention options to allow borrowers with delinquent FHA-insured mortgages easier access to bring their mortgages current without increasing their interest rates or monthly payments. FHA is also providing a final 30-day extension of its foreclosure moratorium to allow distressed FHA-insured homeowners in Puerto Rico and the U.S. Virgin Islands an opportunity to find a permanent mortgage resolution. A letter about the options has been sent to mortgage servicers.

Prevent and Manage Card Fraud Losses using Verafin
Card Fraud Detection, Reporting and Dashboards, Case Management
Learn how Verafin's innovative fraud analytics can uncover unusual ATM and point-of-sale transactions, counterfeit cards, as well as common point of transactions for compromised cards. Our consolidated fraud management solutions help your institution more effectively manage your fraud processes, with adaptive alerts, reporting and dashboards, and robust case management with dispute and recovery tracking.
— Verafin

FFIEC releases census and geocoding information
The 2018 Census Data Products report and an update of the 2018 Geocoding System have been released by the FFIEC.

White Paper:
Human Trafficking and Major Sporting Events — A Growing World Problem
Major sporting events provide venues for millions of people to come together and spend large sums of money to attend these events. Unfortunately, they also attract more nefarious types of citizens into host cities: those who lead and promote human trafficking rings. Learn to spot the warning signs and how your BSA staff can stop this growing crime.
— Banker's Toolbox

Citigroup pays $10.5M for SEC violations
The SEC announced yesterday that Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision. The charges stem from $81 million of losses due to trader mismarking and unauthorized proprietary trading and $475 million of losses due to fraudulently-induced loans made by a Mexican subsidiary. More …


 
BankersOnline's servers will undergo scheduled security maintenance between the hours of 8 and 10 a.m. EDT tomorrow.

What do you want to learn today?

The newest service from BOL Learning Connect
Press>PLAY - allows you to choose precisely what you want to learn, pay for just that program, and Press>PLAY to watch instantly, share with fellow employees of your institution, and keep watching any time you want during the 90-day period after purchase. Hundreds of programs to choose from - including unique programs and exclusive instructors you will find only on BOL Learning Connect.
Any device. Any time. Any program.
Just  Press>PLAY

Click here!



Support the vendors who support BOL!
Through their advertising and sponsorships on BankersOnline, the companies offering banking products and services help to make this site possible. When you're looking for a supplier, give your business to companies who support BankersOnline.com. Learn more now on our Sponsors page.

If someone forwarded this email to you and you wish to be added to our webinar announcement list or any other FREE briefing you may sign up at:
http://www.bankersonline.com/newsletters

%SENDER-INFO-SINGLELINE%