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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.)

NCUA prohibition notices issued

The National Credit Union Administration announced on Friday, December 29, it had issued one prohibition order and two notices of prohibition in December 2017. Three individuals are prohibited from participating in the affairs of any federally insured financial institution:

  • a former employee or institution-affiliated party of New Haven County Credit Union in North Haven, Connecticut, who had agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against him.
  • a former employee of Harrison District No. 2 Federal Credit Union in Colorado Springs, Colorado, who had earlier pleaded guilty to the charge of theft, and had been sentenced to four years in prison and three years’ probation.
  • a former employee of IBM Southeast Employees Credit Union in Delray Beach, Florida, who had pleaded guilty to the charge of theft, embezzlement or misapplication by a credit union employee, and had been sentenced to 63 months in prison, three years’ supervised release, and ordered to pay more than $1.7 million in restitution.
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