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Free Workshop - Build Your Action Plan For The New CDD Regulations (Boston, MA)  — You have until May of 2018 to create and implement your action plan to comply with the new CDD rules. Sound like a long time? It isn't! This FREE hands-on workshop will help prepare you for the new regulation. You'll come away with a to-do list to help your institution be prepared before the 2018 deadline. (Register here).

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12/02/2016

December FedFocus on malware

The December 2016 issue of FedFocus features an article to help institutions close the door on malware. Other topics discussed include same day ACH, a year-end review of FEDucation, and the Fed Facts year one wrap-up.

12/01/2016

NCUA prohibition notices issued

The NCUA has announced it issued in November four notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.

11/30/2016

Counterfeit official checks on Ohio bank

Alert 2016-11 has been issued by the OCC regarding counterfeit official checks bearing the name of Century National Bank, a division of Park National Bank, Zanesville, Ohio. Details from the OCC’s alert can be found in our November 29, 2016, Alert.

11/30/2016

Comptroller’s Handbook revised

The OCC has issued Bulletin 2016-42 to announce the revision of the "Bank Premises and Equipment” booklet of the Comptroller’s Handbook. The revised booklet updates statutory and regulatory citations to reflect changes since “Bank Premises and Equipment” was last published and the integration of the Office of Thrift Supervision into the OCC and provides revised examination procedures.

11/28/2016

Supplement to Final Rule barring FBME Bank

FinCEN has announced that the U.S. District Court for the District of Columbia has remanded to FinCEN a Final Rule issued under Section 311 that would have severed FBME Bank Ltd. from the U.S. financial system. In its memorandum opinion, the court stated that FinCEN had not meaningfully responded to FBME’s comments regarding FinCEN’s treatment of aggregate Suspicious Activity Report (SAR) data. FinCEN today submitted for publication in the Federal Register a Supplement to the Final Rule that responds to FBME’s comments.

UPDATE: FinCEN Supplement, published in December 1, 2016, Federal Register

11/23/2016

OFAC designates six as global terrorists

The Department of the Treasury's Office of Foreign Assets Control has added Specially Designated Global Terrorist (SDGT) designations to its Specially Designation Nationals Lists. Four individuals were added, and two designated narcotics traffickers with the Kingpin Act designation were updated to add the SDGT designation. See our OFAC Update for details.

11/22/2016

OCC reminder of ANPR on cyber risk management

The OCC has issued Bulletin 2016-41 as a reminder of the FFIEC Advance Notice of Proposed Rulemaking (ANPR) published on October 26 regarding enhanced cyber risk management standards for large and interconnected entities under the jurisdiction of the OCC, Board of Governors or the FDIC. The ANPR was featured in our October 20, 2016, Top Story. Comments on the ANPR are due by January 17, 2017.

11/22/2016

Bureau publishes rule and notice

The CFPB published two documents in this morning's Federal Register:

11/21/2016

OFAC SDN removals and updates

Treasury has announced that seventeen entries for individuals and entities have been deleted from the SDN List. Changes were made to three existing entries. See BankersOnline's OFAC Update for details.

11/21/2016

Registration open for OFAC Fall Symposium

OFAC has announced that registration is open for its 2016 Fall Symposium. The event will include presentations on OFAC regulations affecting all U.S. persons, as well as targeted reviews of sanctions concerns for new and updated OFAC programs. In addition to formal presentations, OFAC staff will be available throughout the day to answer questions on issues unique to a number of regulated industries.

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UDAAP Reality Check

We will explore what makes a practice unfair or deceptive by digging into what regulators and the courts have had to say.

Stop That Payment!

Bankers must understand the differences between the use of their systems' stop payment functionality and the actual right to stop payment

Penalties View All

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