Banker's Toolbox solidifies its position as the premier solution for fast-growing financial institutions with the release of BAM+ 4.0 upgrade.
Banker's Toolbox continues to lead the BSA/AML and Fraud prevention marketplace with the release of BAM+ 4.0. This solution provides increased detection with more versatility, transparency and control. BAM+ 4.0 also boasts a new customer due diligence platform, Due Diligence Manager, which will keep institutions compliant with the impending beneficial ownership mandates. (Read full press release here.)
Mortgage manager banned from banking
The Federal Reserve Board has announced that it has prohibited Daniel X. Brennan, a former mortgage production manager at Regions Bank, Birmingham, Alabama, from participating in the banking industry, after finding that Brennan engaged in unsafe and unsound practices, or breached his fiduciary duty to the bank, by making payments by personal check to a Regions Bank loan processor who processed and approved certain mortgage loans originated by Brennan, in violation of Regions' policies.