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Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)

FATF releases report on AML/CFT activities

The FATF has published its report to the April 2019 G20 Finance Ministers and Central Bank Governors' meeting. The report sets out FATF’s ongoing work to fight money laundering and terrorist financing, and in particular in the following areas:

  • Strengthening the institutional basis, governance and capacity of FATF
  • FATF’s work program on virtual currencies/crypto assets
  • Countering the financing of terrorism
  • Countering the financing of proliferation of weapons of mass destruction
  • Improving transparency and the availability of beneficial ownership information
  • Improving the effectiveness of the criminal justice system: FATF engagement with judges and prosecutors
  • Financial Technologies, Regulatory Technologies: Digital Identity
  • De-risking
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