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.)
OFAC tech notice on sanctions lists data files
OFAC has posted a technical notice for users of its sanctions lists data files. On or about May 16, 2019, OFAC will be expanding the "Program" field found in OFAC’s legacy data files (DEL, PIP, FF, and CSV formats) from 50 to 200 characters. Updated data specification files for both the SDN and Consolidated Lists will also be published on May 16 as part of the update.