Doing the right thing is what ethics is all about. Bankers are expected to adhere to the highest ethical standards in everything they do because the business of banking is built on a foundation of trust.
Does your frontline understand the legal and regulatory issues when opening an account? Your signature card and deposit account agreement include complicated check handling, ownership, rights at death and regulatory provisions.
Compliance often focuses on change; whether it is focused on a new regulation or deregulation, the constant in compliance is “change.” Still, we can’t ignore the current rules whether they’re two months or two decades old, because examiners continue
In response to the need for faster electronic payments and settlement, NACHA developed Same-Day ACH. Same-Day ACH is rolling out over the course of three years. Phase I is already in effect with the higher risk Phase II just around the corner.
This webinar, the first in a three-part series, teaches you about ACH fundamentals, including transaction flows, network participants, managing risk of third parties, standard entry class codes, and common ACH violations.
When your customer passes away, there are issues that must be addressed. Family members left behind often need to act without knowing what they can and cannot do with the decedent’s account or with checks payable to the deceased. They need guidance.
This program tackles OFAC compliance from a community bank perspective, helping you understand regulatory expectations so that you minimize both regulatory risk and compliance risk relating to OFAC sanctions.
Get ready for what’s next concerning HSAs. Fundamental improvements to HSAs are expected in 2017 as a result of President Elect Trump’s stated goal of replacing the Affordable Care Act with Health Savings Accounts in his first 100 days.
Subpoena? Don’t freak out! When you receive a subpoena or other legal process, you need to methodically move through a framework for analysis that will aid you in determining what you need to do and how to do it.
Customer due diligence (CDD) is now an explicit legal requirement, just like CIP. A new FinCEN rule adds a new “fifth pillar” that will require extensive modification of your board-adopted BSA program.
It’s been almost three years since the effective date of the “Remittance Transfers Rule,” and close to two years since the CFPB’s latest changes to the rule. What are the challenges that bankers are dealing with?
Wire transfer fraud is a multi-million dollar “business.” Organized crime groups continue to profit from wire fraud, especially in recent scams where they cleverly dupe a company’s authorized person into sending a wire transfer.
The teller line is the frontline of defense in the battle against a host of check-related losses. Specialized knowledge is required to correctly handle check-based deposits, split deposits, and check cashing.