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.)
FDIC publishes CMP inflation adjustments
The FDIC published in the January 12, 2018, Federat Register a final rule making civil money penalty inflation adjustments for violations of statutes, rules and orders within its jurisdiction. The rule amends § 308.116 of the FDIC's Rule and Regulations at 12 CFR Part 308. The amendment affects penalties assessed after January 15, 2018, for violations that occurred on or after November 2, 2015.