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.)
Egmont Group meeting
A meeting of the Americas Region of the Egmont Group of Financial Intelligence Units was held on April 10 and 11 in Miami, Florida. Mr. Mariano Federici, President of Argentina’s Financial Intelligence Unit (the Unidad de Información Financiera, or UIF) , and Mr. Luc Beaudry, Assistant Director of Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC), co-chaired the meeting in their roles as Regional Representatives. FinCEN Director Kenneth A. Blanco represented the United States. Representatives of the Financial Intelligence Units from 23 jurisdictions in the Americas, including the Caribbean, gathered to work three key priorities for the Egmont Group: FIU operational independence and autonomy; the role of public-private partnerships; and the value of public-public partnerships in the fight against money laundering and the financing of terrorism.