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.)
May FATF Business Bulletin
The Financial Action Task Force has posted its May Business Bulletin, with a brief update on recent FATF outcomes of interest to the private sector.
The 2019 Private Sector Consultative Forum was held May 6–7 at the United Nations Office on Drugs and Crime Headquarters in Vienna. The meeting was chaired by FATF President Marshall Billingslea from the United States. Over 300 private sector representatives, including from the financial sector, civil society, and FATF members and observers, participated in this year’s Private Sector Consultative Forum. Over the two days of the Forum, participants held constructive discussions on the issues of the importance of AML/CFT in the context of combating corruption, and latest trends/priorities of AML/CFT in the public and private sectors.