Friday, February 17, 2017

To access specific issuances, go to our Top Stories section, where you'll find links to all the relevant documents.
Risk Scoring — The Essential Element of BSA/AML Compliance

PATRIOT OFFICER automatically calculates risk scores for each customer to identify higher-risk customers and monitors them more closely as the regulations mandate. The solution automatically detects check fraud, check kiting, deposit fraud, ACH fraud, wire fraud, Internet banking fraud, credit/debit card fraud, ATM fraud, employee fraud, and financial fraud to prevent losses. PATRIOT OFFICER is the only BSA/AML/FRAUD solution endorsed by American Bankers Association.
— GlobalVision Systems, Inc.

FEMA suspending communities from Flood Program today
The Federal Emergency Management Agency has published a final rule in today's Federal Register identifying communities that are scheduled for suspension from the National Flood Insurance Program (NFIP) effective today, February 17, 2017, for noncompliance with the floodplain management requirements of the program.
  • Colorado—portions of Arapahoe County
  • Illinois—portions of Peoria, Tazewell and Whiteside counties
  • Virginia—the City of Norfolk and portions of Loudoun County

Human Trafficking Investigation Strategies
Join Brendan Brothers on February 22 as he provides an overview of investigation strategies, technology and tools to help financial institutions combat Human Trafficking; and takes a deep dive into the complexities of these investigations in the context of a real-life case involving multiple financial institutions and traffickers, and victims who were exploited for illicit gains.
— Verafin

OCC revises Licensing Manual booklet
The OCC has issued Bulletin 2017-11 to announce the revision of the "Changes in Directors and Senior Executive Officers" booklet of the Comptroller's Licensing Manual. The revised booklet updates procedures and requirements following the integration of the Office of Thrift Supervision into the OCC in 2011, and it incorporates revised regulations (12 CFR 5) that became effective July 1, 2015, addressing changes in directors and senior executive officers of national banks, federal savings associations, and federal branches.

Free CRA Compliance Exam Info Kit
If you have questions about CRA exams, we have answers. Get this free info kit to learn the fundamentals of CRA compliance performance reviews! Feel free to share it with the rest of your compliance and management teams so that everyone knows what to expect from a CRA exam.
— TRUPOINT Partners

Increasing transparency in student loan servicing
A CFPB Blog article requests comments on a new initiative that would take a closer look at the way consumers repay student debt and track the student loan industry activities that they depend on if they experience financial distress.

Free Workshop - Build Your Action Plan For The New CDD Regulations
Boston, St. Louis and Austin
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! These FREE hands-on workshop will help prepare you for the new regulation and come away with a to-do list to help your institution be prepared before the 2018 deadline.
— Banker's Toolbox

FDIC train-the-trainer webinar next week
The FDIC will present a three-hour Train-the-Trainer webinar on financial education, focusing on the FDIC's Money Smart Program, on Wednesday, February 22, 2017, at 1 p.m. ET.

New Innovations to Manage the Risk & Fully Automate the Paper in RDC
Free Webinar
Check payments captured via remote deposit channels now have increased compliance exposure including UDAAP, Reg CC, UCC, OFAC, cross border image exchange, FFIEC and KYC. In this pre-recorded webinar you will be provided with tips and best practices to managing compliance risks.

February 21, 2017
Adverse Action Notices

February 22, 2017
Trump's Impact
on HSAs

February 23, 2017
Sticky ACH Situations

February 28, 2017
2017 Regulation By Enforcement

March 2, 2017
2018 HMDA Requirements

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Register Now!

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