FFIEC Modernization Project Yields Best-Practice Recommendations
The Federal Financial Institutions Examination Council issued a statement of principles on examination information requests.
Browsing: Information sharing
OIG Flags Deficiencies in FDIC’s Threat Sharing Framework
A recent audit conducted by the FDIC’s Office of the Inspector General found that the agency “did not establish effective processes to acquire, analyze, disseminate and use relevant and actionable threat information to guide the supervision of financial institutions,” and identified several gaps in its threat sharing framework.
A Field Guide to Coming AML/BSA Reforms
Recent legislative changes will keep banks’ Bank Secrecy Act officers busy for years to come. Here’s a CEO’s-eye view of AML/BSA changes on the horizon.
FinCEN Releases Guidance on Financial Crime Information Sharing Program
The Financial Crimes Enforcement Network released new guidance on the Patriot Act Section 314(b) information sharing program, FinCEN Director Kenneth Blanco said today at the ABA/ABA Financial Crimes Enforcement Conference.
ABA Seeks Changes to Fed’s Proposal on Confidential Supervisory Info
As the Federal Reserve works to update its procedures for responding to Freedom of Information Act requests and its treatment of confidential supervisory information, the American Bankers Association raised concerns that the proposed changes could “expand significantly the scope of information that would be treated as CSI and subject to restrictions on disclosure.”
What the Coolest Marketers Know About Jonah Berger
Humans are pre-disposed to pay close attention to the behavior of their social groups—to either imitate it or avoid it. Most of us aren’t even aware of the pull that our peers have on our choices. And that has enormous implications for marketers.
Compliance in 2019: What to Expect and Where to Focus
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
Positioning for Pro-Growth Policy
Setting ABA’s government relations agenda for 2019.
Cyber Threats: How Banks Can Share Information Effectively
Bank investments in technology can create more vulnerability to tech-savvy fraudsters.
Agencies Issue Statement on Sharing Resources for BSA Compliance
The financial regulatory agencies and the Financial Crimes Enforcement Network today issued a joint statement outlining how banks may enter into collaborative arrangements to share resources in order to more effectively manage their Bank Secrecy Act and anti-money laundering obligations.