RDC Risk Management in 2015
|
|
- Patricia Randall
- 6 years ago
- Views:
Transcription
1 RDC Risk Management in 2015 John Leekley, Founder & CEO RemoteDepositCapture.com Be sure to tweet about the #RDCSummit and
2 Setting the Stage Discussion Objectives Definition of RDC Risk Management Guidance Tools of the Trade Risk Management Tactics & Strategies Leveraging KYC, System Functionality Enterprise Risk Management Trends & Developments Kicking the Tires Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
3 But What Has Changed?? Evolution of Risk Management Enterprise Approach Technology External Impacts EMV Migration (Cards) New Products / Services Legislation & Regulation Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
4 RDC is a Payments Platform RDC Applies to a family of related products & services most often differentiated by location of payment capture. Remote Deposit Capture Corporate Merchant Consumer Mobile Teller Branch Lockbox ATM Correspondent The term Remote Deposit Capture refers to the process of electronically capturing check images and data, transmitting that information for deposit and clearing, and truncating the original paper checks. This definition is evolving to include additional payment types, including card payments. RDC is becoming an integrated technology platform increasingly used to process different types of payments and data with the ability to feed that data to systems both internal and external to the organization. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
5 FFIEC Guidance: RDC is a Delivery System RDC is a Payments & Data Processing System Scope of implementation and exposure Should be incorporated into existing risk management process Governance, Oversight & Tactics will, and should, vary by institution Non-Public Personal Information Complexity of Risk Identification will vary Internal IT systems, Third-Party Solution Providers Involve relevant stakeholders FFIEC Guidance Mitigate Monitor Measure Actionability & Sustainability Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
6 RDC is Safe! RDC is NOT a new payment type, just an enhanced channel Leverages online & mobile technologies Leverages Processes and Risk Management Better ability to identify risks Traditional Fraud reduced through faster clearing Better, Automated Data than pre-rdc Risks Unique to RDC: Managing the Original Bait & Switch Duplicates Original Document Alterations The greatest risk unique to RDC lies in the use and handling of the original document. These risks can be mitigated with sound risk management practices. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
7 Regulatory Guidance Overview 1. FFIEC RDC Risk Management Guidance released January 14, 2009 RDC risk management process in an electronic environment Focusing on RDC deployed at a customer location Principles of RDC risk management discussed are applicable to: FI s Internal deployment ATM, Branch, Cash Vault Other forms of electronic deposit delivery systems (e.g., mobile banking and automated clearing house [ACH] check conversions). 2. Retail Payment Systems Booklet {& RPS Examination Procedures (N), (M)} February 10, Version of the Bank Secrecy Act/Anti-Money Laundering Examination Manual Updated April 29, Authentication in an Internet Banking Environment October 12, Supplement to Authentication in an Internet Banking Environment June 22, 2011 Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
8 Three Pillars of the FFIEC Guidance Responsibility Senior Management Board Risk Identification & Assessment Internal External Process Mitigation & Controls Planning Measure Monitor Report Risk Identification Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
9 Risk Environment Identification Identify Key elements of the RDC environment Internal Third-Party Markets/Customer/Capture Devices Identify Responsible staff members and risk management team Internal Staff: Product Manager, Risk, Treasury, Sales, etc External: Technology Provider, Processor, etc. Review: Volume reports ($ s and Transactions) Network design at the FI, Service provider and customer Dataflow maps and logical system diagrams The risk management process Report review process Establish Relevant Contracts & Agreements Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
10 Risk Reporting and Monitoring Checklist Examples Develop a Risk Audit Checklist Example Written RDC Policies and Procedures Document Legal Agreement needs periodic review Customer Selection, rules and limits Establish thresholds and limits for volume, velocity and value Monitoring and review of accounts for duplicates, rejected and returned items Monitor internal, partner and customer processes: Security and Access Separation of responsibilities Establish procedures for regular reporting Deposit history and to identify patterns Periodic training, s or letters to customers RDC included in audit process Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
11 Key Information: Know Your (Biz) Customer Understand Business Finances, Customers, Processes CDD (Customer Due Diligence, EDD (Enhanced Due Diligence, CIP (Customer Identification Program) Understand Deposits Obtain History Volumes & Values of Items, deposits, returns, Velocity Use this data to custom-fit RDC Thresholds, Limits, Holds & Availability Schedules Separation of Duties, Approvals Functional Capabilities Pricing, Balances, monitor deposit & data trends. RDC Should be customized to each individual client. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
12 KYC While KYC requirements may differ between jurisdictions and regulatory regimes, organizations are generally required to understand their clients : Circumstances Business type Source of funds and wealth Purpose of specific transactions Expected nature and level of transactions Regulators expect that client information is maintained, current and valid which implies that organizations should revisit their KYC procedures regularly. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
13 KYC Challenges Multiple lines of business doing redundant processes On-boarding and activation delays KYC processes inefficiencies in due diligence and assessment Regulatory changes and requirements CDD (Customer Due Diligence, EDD (Enhanced Due Diligence requirements for location, type of business and/or person Domestic and International, Risky business, Customer Request Incremental Request for existing client (RDC, Cash, ACH,, etc.) New Customer Onboarding Client Due Diligence Collect details Request client documentation as required Perform regulatory AML and KYC Complete Additional documents Checks (geographic, business type specific Credit/Risk Review Perform credit due diligence Establish credit/deposit limits Assess and manage additional risk across lines of business Set Up Account Complete Account Setup Deposit Agreement Additional Agreements as required by Legal Enable Account Monitor Account Report on activity vis-à-vis established limits Review changes in credit/risk exposure due to changes in credit report and new products Treasury/Branch/Online KYC/Risk Credit Legal/Operations Operations Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
14 Leverage the KYC you ve already done Customer selection and KYC Review process at the FI who is involved and what level of management Risk rating system Elements included in decision criteria User / Location / Account Parameters - Identify & Prevent Fraud & Mistakes. Client Deposit Trends Ensure metrics, safeguards are relevant. Availability Schedules & Holds - Don t blindly make short-term loans, allow for returns, effective way to deal with questionable items. Balances Competitive advantage, strengthens balance sheet, maximizes revenues and minimizes losses. Even with minimal KYC, risks can be adequately handled through effective employment of standard risk management techniques. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
15 RDC & Enterprise Risk Management ERM begins with KYC, understanding your risk tolerance & requirements, and having the right technology, process and oversight to balance Risk & Reward. OFAC Compliance Automate Suspicious Activity Reports Adhere to Sanctioned Country List BSA / AML Logical Approach to Enhanced Due Diligence Know Your Customer & KYCC Integrate Check with Enterprise Monitoring Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
16 BSA / AML & OFAC Bank Secrecy Act/ Anti-Money Laundering Examination Manual New RDC Highlights 1. Senior management should identify BSA/AML, operational, information security, compliance, legal, and reputation risks. 2. Conducting appropriate customer CDD and EDD. 3. Obtaining expected account activity. Case Studies: Wachovia: $160MM Fine Dallas Community Bank, T-Bank: $5.1MM Zions, HSBC, FL, etc. RDC must be integrated into a bank s AML / BSA risk management and reporting activities. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
17 Oversight and Audit Guidance by local FDIC examiner: Think of the spirit of RDC guidance and apply to this new channel. Adding mobile RDC to Board-level RDC Policy Use automated routines that will address KYC and risk management Account activity review Limits Holds Duplicate check detection KYC Know Your Customer is Always Key Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
18 Validation Rules and Work Types Define Systemic Rules & Thresholds Image Quality Field Validation Item type acceptance Balancing Rules Target Functionality by Client Group Excellent Customers New Customers Risky Customers Source: Fiserv Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
19 Oversight and Monitoring Locations Financial institution Vendor Customer Operational benchmarks Key risk metrics Performance metrics Management Review Who and how Frequency &Timeliness Accurate Point-in-time Trend RDC Product Individual customer Aggregate customers Type of Reports Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
20 Education & Training Education & Training FI associates and customers Most customers will want to protect themselves System Operation & Process Safekeeping & Destruction of original items Risks & the role of the customer and the FI Duplicate Presentment Information & Data Problem Resolution Periodic s or letters to customers to remind them of their responsibilities for: training, security, process, check retention, endorsements, adequate safeguards for storage of checks and account information AML / BSA Training Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
21 Separation of Duties Split responsibilities and procedures for: Account set up and Deposit review, approvals and reconciliation at the FI System security review procedures At the customer location separation of duties Capture (scan) and send deposits or for review of reports of deposits sent and for reconciliation. Other controls Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
22 RDC Systemic & Targeted Risk Management Systemic Risk Management Enterprise Risk Management AML / BSA / Payment Validation & Reporting System-Wide Risk Management Duplicate Detection, Image Quality / Usability Reporting & Audit Functionality Legal Agreements Targeted Risk Management Source Merchant, Consumer, Mobile, Branch, ATM etc. Domestic, International Trend Analysis & Patterning Item / User Limits & Thresholds Holds, Availability, Balance Requirements, Customer Selection, etc. Optimal RDC Risk Management should be tailored to each end-user, location and device, yet leverage system and enterprise risk management capabilities. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
23 Enterprise Risk Framework Establish a Risk Framework Planning, Risk identification and assessment, Controls, Measuring and Monitoring Determine appropriate level of governance, oversight, and risk management Size and complexity of the financial institution, Relative scale and impact of RDC to overall activities Management must: Approve plans, policies, and significant expenditures, Review periodic performance and risk management reports on implementation and ongoing operation and services. Management is responsible for the RDC system Risk Activities Planning Risk Assessment Risk Discipline Risk/Event Identification Response Controls Communication Monitor & Report RDC Risk Framework Technology COSO Integrated Framework (Modified) Customer Internal 3 rd Party Risk Granularity Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
24 Enterprise Risk Management Framework Source: Wipro Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
25 Tactics for RDC Risk Management Traditional Client Selection Credit Relationship Balances History Thresholds Daily and Monthly Deposit $ & Volume Limits Availability Evolving Client Selection Leverage KYC, History & Monitoring, Balances Availability Real-time Monitoring Thresholds (Dynamic) Daily and Monthly Deposit $ & Volume Limits Endorsement Identification Verification & Guarantee Enhanced Duplicate Detection Location Awareness Risk Scoring Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
26 Fraud Monitoring & Prevention Monitoring Process to identify potential fraudulent items Real-time Systems Mitigate Risk before / as it happens Return Item Monitoring Adjustments! Some Duplicate Items returned this way. Functionality duplicate detection, deposit limits, pattern identification, safeguarding check Restrict Functional Capabilities by location Minimize Fraud Opportunities. Foreign location identification and monitoring Mobile Deposit Positive / Negative Databases The data is out there! Internal: Build Track Record External: Developing Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
27 Site Visits?? When Warranted Site Visit Define risk levels (Define When Warranted ) Returns, Duplicates, Availability Assignment, Deposit Thresholds, Volumes, New Clients, combination of metrics, etc. Leverage Monitoring & Reporting (Actionability) When Appropriate Self-Assessments Apply same evaluation items as a site visit Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
28 The Importance of Endorsements Endorsements can help prevent duplicates Restrict deposit to a specific bank & account Legal & Regulatory implications Appropriate endorsement can be identified Teller Payor Systemic Identification Decreases likelihood item will be used Criminals can also see the restrictive endorsement Systemic Capabilities are evolving Hardware & Software Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
29 New Tricks of the Trade Legal Protection Endorsement Detection Operational Performance Scanner Read Rates / Image Quality Scanner Cleaning & Maintenance OFAC Compliance Location Awareness Mobile, Scanner, PC Monitoring, Alerts and Actionability The move towards Real-Time processing Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
30 Greatest Threat: Duplicates Duplicates / Cashing Fraud One Check, Multiple Deposits Depository FIs Clearing Returns Paying / Bank Final Step, Check Cashed Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
31 Potential RDC Losses: Duplicates RDC Deposit ( Duplicates ) Fraud Definition: Process by which criminal is able to deposit the same legitimate or fraudulent item at several FIs, then withdraws the funds before items are returned. Criminals Look For Minimal KYC No Balance Requirement No Holds Immediate Availability No / High $$$ Limits Risk Management Beware of Customers who don t keep balances. Require Balances! Holds on New Customers, High $$$ Availability Schedules $$$ Thresholds Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
32 Risk Management Duplicate Detection Duplicate Detection should ideally be done across all levels & accounts, channels and products. Levels & Accounts User, Location, Account Channels RDC Location, Lockbox, ATM, Branch, Mail Drop, Kiosk & Inclearings, etc. Products Check and ACH (for converted items) Network All banks using a specific service provider Industry Recent Industry Developments / Early Solutions Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
33 Potential RDC Losses: Bait & Switch The Con: 1. Obtain Legitimate Check From Victim. 2. Deposit Using RDC 3. Return Original to Victim 4. Ask Victim to provide funds via alternate method Result: Criminal gets paid twice by legitimate payment types, once by check, once by wire. Prevention: Stop Payments on Check, Positive Pay, Client Education, delayed availability, deposit limits, endorsements Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
34 mrdc Risk Management Tools Risk Management Tools Used % of Respondents 90% 80% 70% 60% 50% 40% 30% 84% 71% 59% 54% 49% 47% 47% Source: 2014 mrdc Industry Study 43% 25% 20% 10% 16% 14% 13% 9% 0% Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
35 Funds Availability 60% 50% Funds Availability of Deposited Items 51% Source: 2014 mrdc Industry Study % of Respondents 40% 30% 20% 19% 16% 17% 10% 9% 9% 0% Immediate Same day if deposited is made before specified time Next-Day 2-Day Availability 3-days+ Availability Other Availability Almost 80% offer same, or next-day availability, and many offer multiple options. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
36 Multi-Faceted Risk Management Risk Control / Risk Type Operational Error Check Kiting Duplicate Error Duplicate Fraud Value Fraud Volume Fraud FIs should have at least 150 Total Points per risk type, 200+ for Fraud Risk Types. Return Items IQU / IQU / CAR / LAR Value / Volume Thresholds RDC System DD Cross-Channel DD Industry DD Balances Holds Availability Schedules Monitoring & Actionability Verification & Guarantee Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
37 Recourse is Essential In the worst-case scenario, how can the FI retrieve funds? Availability Schedules Key: Provide availability to account for potential returns based upon Client Risk Profile. Required Balances Key: Can enable FI to actually earn more revenues while also providing a reserve against returns. Adds to Deposits, Capital, Liquidity, Loan Capabilities. Credit Relationship? Interesting concept, but does not enable FI to have access to funds. Customer already owes FI $$$. Verification & Guarantee Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
38 Client RDC Risk Management Top Ten 1. Control the Original, leverage the system, establish a process. 2. Understand the Cons 3. Utilize Duplicate Detection 4. Setup Automated Reports & Alerts 5. Separation of Duties 6. Have a Backup Plan 7. Restrictively Endorse All Items 8. Deposit Items QUICKLY! 9. Safekeep / Destroy all items (& Reconcile) 10.Implement Positive Pay Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
39 Optimal Risk Management 10 Steps to Minimize RDC Risk: 1. Client Selection / KYC Leverage KYC Information to setup parameters. 2. User / Location / Account Parameters - Identify & Prevent Fraud & Mistakes, manage exceptions 3. Education & Training - Most customers will want to protect themselves. 4. Functionality Restrictions Minimize Fraud Opportunities. 5. Availability Schedules & Holds - Don t make short-term loans, allow for returns, effective way to deal with questionable items. 6. Positive / Negative Databases Think Duplicates, Closed Accounts, etc. 7. Integration & Reporting Monitor client deposit trends, integrate into bankwide risk management systems (AML / BSA for example). 8. Real-time Systems Manage systems, Mitigate Risk before / as it happens 9. Balances Competitive advantage, strengthens balance sheet, maximizes revenues and minimizes losses. 10. Payment Verification & Guarantee The next gen of Risk Management.. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
40 The Road Ahead Mass Adoption of Mobile RDC FIs, Third-Parties & Consumers Increasing Role of 3 rd -Party Solutions Paypal, Intuit, ISOs, ISVs, AFS (Alternative Financial Services), etc. RDC as a Payments Platform Checks, Cards, ACH, Cash Data: The final frontier? Questions: Does a Check even need to be paper?? Will a centralized database for duplicates evolve? Will checks regain popularity? Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
41 Join the discussion As the RDC Industry continues to evolve, so too must the approach to RDC Risk Management. Visit RemoteDepositCapture.com for the latest & greatest on this topic, and everything RDC. We ve even setup a dedicated discussion forum to help the industry continue the conversation. Click Here to join the discussion. Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
42 A Unique Perspective RemoteDepositCapture.com is an independent information & services resource for the Payments Industry. We are NOT a reseller, solution provider, etc. We ARE experts in, and an open resource for the industry. We work with the vast majority of leading solution providers, FIs, processors. Thousands of FIs, corporations, businesses and consumers visit the site each month. We are supported by many industry-leading organizations. We were involved in the formulation of the FFIEC RDC Risk Management guidance and training of over 1,200 auditors. Services News & Research The RDC Solution Finder Solution Provider Directories RDC Overviews White Paper Central FREE Webinars The RDC Summit and much, much more. Contact: John.Leekley@RemoteDepositCapture.com Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
43 RDC Risk Process Component RDC Process Business Process Risk Register for each RDC Process & Account Level Sources of Risk Risk Assessment Account Risks Contract Compliance Anomaly Detection Internal Audits Incidents Reporting Customers Complaints Control Objective mapped to Business Objectives Risk Can Be Mitigated No Yes Attributes to be Captured Key Risk Indicators (KRI s) with probability and impact Mitigation Plans Risk tolerance levels Mitigating Controls Approval Process for accepting risks or thresholds Reporting and Monitoring Exception Reporting Deviation from Approved Risks, Thresholds Control Testing, Audits, Anomaly detection, Self-Assessment Source: Wipro (Modified) Copyright 2015, Remote Deposit Capture, LLC RDC Risk Management in
RDC Risk Management in 2013
RDC Risk Management in 2013 Paul Carrubba, Partner Adams and Reese, LLP John Leekley, Founder & CEO RemoteDepositCapture.com Legal and Regulatory Issues No Mobile Banking Law Federal Laws and Regulations
More informationRDC Risk Management & FFIEC Compliance May 2010 Update
RDC Risk Management & FFIEC Compliance May 2010 Update Presented By: John Leekley, CEO and Co-Founder Ed McLaughlin, Executive Director RemoteDepositCapture.com May 2010 Today s Webinar is Brought to you
More informationRDC Risk Management Update 2011
RDC Risk Management Update 2011 Heather Holliway, Product Manager Synovus Financial Corp. Ed McLaughlin, Executive Director RemoteDepositCapture.com September 30, 2011 Regulatory Guidance Overview 1. FFIEC
More informationRisk Management Technologies The Latest & Greatest from Throughout the Industry
Risk Management Technologies The Latest & Greatest from Throughout the Industry John Leekley, Founder & CEO RemoteDepositCapture.com Be sure to tweet about the #RDCSummit and mention @RDCTweet Perspective
More informationRDC Audit & Compliance: Lessons from the Battlefield
RDC Audit & Compliance: Lessons from the Battlefield Kevin Olsen, AAP, NCP Payments Space Advisors September / October 2, 2014 Be sure to tweet about the #RDCSummit and mention @RDCTweet Disclaimer This
More informationElectronic Banking Remote Deposit Capture Third Party Payment Processors Automated Monitoring Systems Staffing & Resources
Electronic Banking Remote Deposit Capture Third Party Payment Processors Automated Monitoring Systems Staffing & Resources Examples of electronic banking systems: Automated teller machine transactions
More informationAuditing for Effective Training
Maleka Ali M. Ali 2013 Director of Consulting & Education Page 0 Banker s Toolbox Auditing for Effective Training I. INTRODUCTION Banking organizations must develop, implement, and maintain effective AML
More informationNCR Passport for Commercial. Part of NCR s enterprise hub for remote deposit capture
NCR Passport for Commercial Part of NCR s enterprise hub for remote deposit capture For more information on RDC, speak to your sales contact or go to ncr.com. Easy and secure deposits from where their
More informationACING YOUR REMOTE DEPOSIT CAPTURE AUDIT:
ACING YOUR REMOTE DEPOSIT CAPTURE AUDIT: LESSONS FROM BANKERS WHO HAVE BEEN THERE AND DONE THAT! COMPLIANCE STARTS AT THE TOP Many banks are becoming savvy about how to ace their audits after experiencing
More informationExpand Remote Deposit & Mitigate Risk:
IMAGING & PAYMENTS PROCESSING : How Smart Financial Institutions Can Apply the FFIEC Guidelines to Remote Deposit sales@profitstars.com 877.827.7101 How Smart Financial Institutions Can Apply the FFIEC
More informationConsumer & Small Business RDC Opportunity & Case Study
Consumer & Small Business RDC Opportunity & Brought to you by: Presented By: Gary Brand, Fiserv Mike Williams, PenFed Q3 2010 Moderator: John Leekley, RemoteDepositCapture.com Today s webinar is brought
More informationSolutions. Cash & Logistics Intelligent and Integrated Solutions to Optimize Currency Levels, Reduce Expenses and Improve Control
Solutions Cash & Logistics Intelligent and Integrated Solutions to Optimize Currency Levels, Reduce Expenses and Improve Control Solutions The financial services industry faces a number of new challenges
More informationTreasury Management Guide
Treasury Management Guide Preparing your business for success You will continue to receive a high level of customer service from a team of experts committed to helping you meet your financial goals no
More informationNCR APTRA PASSPORT An enterprise hub for remote deposit capture
NCR APTRA PASSPORT An enterprise hub for remote deposit capture A better way for your customers to deposit checks Banks and financial institutions continue to face the challenges of managing new and evolving
More informationProducts. Commercial Banking Attract, Retain and Grow Profitable Business Relationships in a Highly Competitive Environment
Products Commercial Banking Attract, Retain and Grow Profitable Business Relationships in a Highly Competitive Environment Products Each year, U.S. financial institutions are devoting more of their IT
More informationAML model risk management and validation
AML model risk management and validation Who we are EY s Anti-Money Laundering (AML) and Regulatory Compliance Technology practice is a global team of client-serving, financial services professionals.
More informationVISION MANAGEMENT SOLUTION
VISION MANAGEMENT SOLUTION THE MOST ADVANCED MANAGEMENT SOLUTION ON THE MARKET TODAY, FUTURE-PROOFED TO SUPPORT CONTINUOUS GROWTH AND EVOLUTION IN THE RETAIL BANKING ENVIRONMENT. An NCR Buyer s Guide TAKE
More informationTREASURY MANAGEMENT. Dynamic Solutions. Superior Results.
TREASURY MANAGEMENT Dynamic Solutions. Superior Results. HELP YOUR COMMERCIAL CLIENTS BY OFFERING TREASURY MANAGEMENT SERVICES ENHANCED FEE REVENUE CSI s Treasury Management solutions let your financial
More informationActimize Essentials. Cloud-based Solutions for Financial Crime Prevention & Regulatory Compliance
Actimize Essentials Cloud-based Solutions for Financial Crime Prevention & Regulatory Compliance FIs of All Sizes Face Increasing Pressures From Financial Crime and Tightening Regulations As regulations
More informationEnterprise RDC Risk Management
Enterprise RDC Risk Management Ken Gross, Regions Bank Mary Hockridge, Mobile Strategy Partners September 26, 2013 Be sure to tweet about the #RDCSummit and mention @RDCTweet Agenda Industry Perspective
More informationThe New Rule on Customer Due Diligence Key Takeaways from Banker s Toolbox
The New Rule on Customer Due Diligence Key Takeaways from Banker s Toolbox Maleka Ali, CAMS, CAMS-Audit In May of 2016, the U.S. Department of the Treasury issued final rules under the Bank Secrecy Act
More informationCustomer Due Diligence A Risk Based Approach. Dr Tony Wicks Director of AML Solutions NICE Actimize
Customer Due Diligence A Risk Based Approach Dr Tony Wicks Director of AML Solutions NICE Actimize tony.wicks@actimize.com PLEASE NOTE that, to the extent that Actimize provides, in this presentation or
More informationNon-Banking Financial Institution (NBFI) Third Party Payment Processor (TPPP) AMLQuestionnaire
n-banking Financial Institution (NBFI) Third Party Payment Processor (TPPP) AMLQuestionnaire I. Overview This questionnaire is designed to provide HSBC with information about your organisation s financial
More informationINTELLIGENT FINANCIAL CRIME DETECTION GETTING AHEAD OF FINANCIAL CRIME WITH AI THE POWER OF AI
INTELLIGENT FINANCIAL CRIME DETECTION GETTING AHEAD OF FINANCIAL CRIME WITH AI THE POWER OF AI BUSINESS SITUATION CRIME-DETECTION AND COMPLIANCE CAPABILITIES ARE STRAINED Financial crime is a major threat
More informationRuth A. Harpool, AAP, CTP Director, Treasury Operations Indiana University
Ruth A. Harpool, AAP, CTP Director, Treasury Operations Indiana University 1 Remote deposit capture industry overview Regulatory/risk management update Benefits realized Market trends Indiana University
More informationRDC Risk Management and Compliance: Expert Update & Case Study
RDC Risk Management and Compliance: Expert Update & Case Study David Rathke, Senior Vice President, Frost Bank Steve Vaglio Senior Vice President, EastPay Ed McLaughlin, RemoteDepositCapture.com September
More informationREGULATORY COMPLIANCE. Dynamic Solutions. Superior Results.
REGULATORY COMPLIANCE Dynamic Solutions. Superior Results. STREAMLINE, STRENGTHEN AND SIMPLIFY YOUR COMPLIANCE EFFORTS CSI S AUTOMATED, DYNAMIC SOLUTIONS MITIGATE RISK, DECREASE COSTS AND IMPROVE COMPLIANCE
More informationIIB - INTERNATIONAL BANKING ANTI-MONEY LAUNDERING SEMINAR
IIB - INTERNATIONAL BANKING ANTI-MONEY LAUNDERING SEMINAR Practical Suggestions and Tips for an Effective BSA/AML Compliance Function - Risk Assessment and Transaction Monitoring May 15, 2012 Disclaimer
More informationPayment Processor Buying Guide. How to prepare for sending out an RFP
Payment Processor Buying Guide How to prepare for sending out an RFP Payment Processor Buying Guide This document is meant to provide potential customers a framework to evaluate payment processors. PRELIMINARY
More informationFinancing IBM Counter Fraud Management Solutions for Banking
Financing IBM Counter Fraud Management Solutions for Banking Highlights Easy to acquire through flexible payment plans Helps uncover and intercept suspicious transactions across various channels Advanced
More informationMobile Remote Deposit Risks, Rewards, and Deposits Presented by Kevin Olsen, AAP NCP SVP, Payments Education
Mobile Remote Deposit Risks, Rewards, and Deposits 2017 Presented by Kevin Olsen, AAP NCP SVP, Payments Education 2017 Audio Handouts Questions MOBILE REMOTE DEPOSIT RISKS, REWARDS, AND DEPOSITS 2017 Kevin
More informationANTI-MONEY LAUNDERING SERVICES EXPERTS WITH IMPACT
ANTI-MONEY LAUNDERING SERVICES EXPERTS WITH IMPACT FTI Consulting Anti-Money Laundering Services F TI Consulting provides end-to-end Anti-Money Laundering consulting services to financial institutions.
More informationSource Capture Solutions
Resource Guide Source Capture Solutions A Resource Guide to Web-Based Deposit Capture Solutions from Fiserv October 2013, Version 1.0 Contents 3 ATM Source Capture 3 Branch Source Capture 4 Central Source
More informationUser s Starter Kit. For Home or Small Office Use. fcbbanks.com
D E P O S I T User s Starter Kit For Home or Small Office Use fcbbanks.com Table of Contents 2 4 6 8 10 12 About Fast Track Deposit Frequently Asked Questions Scanner & Software Information Your Rights
More informationIntroducing an easier way to manage your business
Introducing an easier way to manage your business With our suite of easy-to-use treasury solutions, you can manage your payments and receipts, help protect against transactional fraud and receive robust
More informationEffective Risk Management With AML Risk Assessment. January 25, 2017
Effective Risk Management With AML Risk Assessment January 25, 2017 2017 2017 Crowe Crowe Horwath Horwath LLP LLP Agenda Regulatory Trends in Risk Assessment Crowe Approach to Anti-Money Laundering (AML)
More informationCustomer Due Diligence Risk-Based Approach. Dan Soto CCO Ally Financial
Welcome Customer Due Diligence Risk-Based Approach Megan Hodge CCO RBC Bank Dan Soto CCO Ally Financial Agenda Risk Based Approach Customer Risk Scoring Enhanced Due Diligence Case Studies Evolution of
More informationJuan Carlos Ramirez, VP, AML/ATF & Sanctions Audit, Scotiabank. Compliance and Risk Management
Juan Carlos Ramirez, VP, AML/ATF & Sanctions Audit, Scotiabank Compliance and Risk Management Governance Service providers Operational Risk Fraud AML Sanctions Risk Management Compliance Assessment Financial
More informationRetail Payment Systems Internal Control Questionnaire
Retail Payment Systems Internal Control Questionnaire Completed by: Date Completed: POLICIES AND PROCEDURES 1. Has the board of directors, consistent with its duties and responsibilities, adopted formal
More informationREMOTE DEPOSIT CAPTURE (RDC) CHECK IMAGING AT THE ATM
REMOTE DEPOSIT CAPTURE (RDC) CHECK IMAGING AT THE ATM Part of NCR s enterprise hub for remote deposit capture For more information visit ncr.com or contact us at financial@ncr.com Better check deposits
More informationEnroll Today! Annual Member Package Price: $2, Founder s Message TERRI SANDS CAMS AUDIT, CFE, AAP, ACT SPECIALIST
Founder s Message TERRI SANDS CAMS AUDIT, CFE, AAP, ACT SPECIALIST Over the past year, there have been significant changes in the payments industry to move payments faster. Industry-wide, financial institutions
More informationAnti-Money Laundering and Sanctions Compliance. You Can t Afford the Risks
Anti-Money Laundering and Sanctions Compliance You Can t Afford the Risks Audit / Tax / Advisory / Risk / Performance Smart decisions. Lasting value. The Risks Associated With AML and Sanctions Compliance
More informationSolutions. Card Risk Management Leverage Our Industry-Leading Solutions and Services to Fight the Rising Cost of Fraud
Solutions Card Risk Management Leverage Our Industry-Leading Solutions and Services to Fight the Rising Cost of Fraud 2 Solutions Debit and credit cards are the payment methods of choice for U.S. consumers.
More informationDefining and promoting excellence in the provision of mobile money services
SAFEGUARDING OF FUNDS DATA PRIVACY AML/CFT/FRAUD PREVENTION STAFF AND PARTNER MANAGEMENT CUSTOMER SERVICE TRANSPARENCY QUALITY OF OPERATIONS SECURITY OF SYSTEMS Defining and promoting excellence in the
More informationJOB TITLE: VP, BSA Officer REPORTS TO: SVP, Deposit Operations and Regulatory Compliance/CRA Officer DEPARTMENT: Compliance
Name: TBD JOB DESCRIPTION JOB TITLE: VP, BSA Officer REPORTS TO: SVP, Deposit Operations and Regulatory Compliance/CRA Officer DEPARTMENT: 140 - Compliance EXEMPT GENERAL SCOPE / SUMMARY A brief description
More informationActimize Essentials AML. Cloud Based Anti-Money Laundering Solutions
Actimize Essentials AML Cloud Based Anti-Money Laundering Solutions Essential Anti-Money Laundering Compliance Capabilities Growing Compliance Burdens for Financial Institutions of All Sizes As recent
More informationW H I T E PA P E R l The True Paperless Branch
W H I T E PA P E R l The True Paperless Branch Trudy Lotter Solution Market Manager, Financial Institutions Joe Pitzo ECM Product Manager Doug Turner Product Line Manager July 2009 2009 WAUSAU FINANCIAL
More informationNCR APTRA Vision The business intelligence you need to make smarter decisions today, so you can achieve your goals tomorrow. An NCR Buyer s Guide
NCR APTRA Vision The business intelligence you need to make smarter decisions today, so you can achieve your goals tomorrow An NCR Buyer s Guide Take out the guesswork on performance measurement With the
More informationWELCOME. 1
WELCOME 1 The AML Risk Conundrum What Does AML Risk Really Mean? BSA Coalition Training Event November 17, 2016 2 Opening Remarks: Amanda Tucker, BSA Coalition Board Member Executive Vice President I Chief
More informationOVERVIEW MAPR: THE CONVERGED DATA PLATFORM FOR FINANCIAL SERVICES
OVERVIEW MAPR: THE CONVERGED DATA PLATFORM FOR FINANCIAL SERVICES 1 BIG DATA PUT TO WORK IN THE FINANCIAL SERVICES WORLD The strong interlock between digital transformation and big data is driving change
More informationAre You Sure You Have the Right RDC Solution
Are You Sure You Have the Right RDC Solution Denis Bergeron, SVP NCR Corporation Bill Phillips, President, Enterprise Payment Solutions ProfitStars/Jack Henry Mike Murphy, SVP RDM Corporation September
More informationE-Debit International Inc. Introduction to Transaction Processing. Basic Overview of our Payment & Processing Systems 08/13
E-Debit International Inc. Introduction to Transaction Processing Basic Overview of our Payment & Processing Systems 08/13 Introducing E-Debit International Payment program and the Westsphere Systems Inc.
More informationRisk Management TRAINING AND EVENTS. aba.com/risktraining
Risk Management TRAINING AND EVENTS Stay ahead of the changing world of risks. Risk management is much more complex today and requires new approaches to talent management. Your bank needs comprehensive
More informationIntelligent Payment Management for Today and Tomorrow Technology Advancement to Navigate the Converging Payments Landscape
Intelligent Payment Management for Today and Tomorrow Technology Advancement to Navigate the Converging Payments Landscape Adapting to the Evolution of Payments The payments industry has evolved extensively
More information2017 Conference Takeaways
2017 Conference Overcoming Sanctions Challenges While Maintaining Business Relationships 1. Always conduct risk-based sanctions screening on counterparties 2. Check to see if other ancillary parties to
More informationNCR BRANCH TRANSFORMATION SOLUTIONS
NCR BRANCH TRANSFORMATION SOLUTIONS Maximizing the profitability of your branch network Putting the retail back into retail banking PUTTING PROFITABLE, RELATIONSHIP BANKING FIRST AND FOREMOST Your branch
More informationSANTANDER TREASURY LINK Built for the way you do business
SANTANDER TREASURY LINK Built for the way you do business Introducing SANTANDER TREASURY LINK As part of our investment in products and services that help our clients efficiently achieve their goals, we
More informationExcellence as a commitment, innovation as a goal. Flexibility and Experience
MICROFINANCE Excellence as a commitment, innovation as a goal. At TOP SYSTEMS we know how institution to trust a supplier and feel that they are an integral part of their team. Since 1987 we have been
More informationRSM ANTI-MONEY LAUNDERING SURVEY BEST PRACTICES AND BENCHMARKING FOR YOUR BSA/AML PROGRAM
RSM ANTI-MONEY LAUNDERING SURVEY BEST PRACTICES AND BENCHMARKING FOR YOUR BSA/AML PROGRAM Anti-money laundering (AML) regulations are at times challenging for banks. Emerging risks and increased scrutiny
More informationCORE BANK PROCESSING MERIDIAN.NET. Dynamic Solutions. Superior Results.
CORE BANK PROCESSING MERIDIAN.NET Dynamic Solutions. Superior Results. MERIDIAN.NET A POWERFUL SOLUTION TO MANAGE CORE PROCESSING FROM AN IN-HOUSE OR OUTSOURCED PLATFORM PRODUCTIVITY A highly flexible
More informationREMOTE DEPOSIT CAPTURE (RDC) CHEQUE IMAGING AT THE ATM PART OF NCR S ENTERPRISE HUB FOR REMOTE DEPOSIT CAPTURE
REMOTE DEPOSIT CAPTURE (RDC) CHEQUE IMAGING AT THE ATM PART OF NCR S ENTERPRISE HUB FOR REMOTE DEPOSIT CAPTURE For more information, visit ncr.com, or email ncr.financial@ncr.com. BETTER CHEQUE DEPOSITS
More informationHOW INTEGRATED RECEIVABLES OVERCOMES THE FOUR BIGGEST CHALLENGES IN ORDER-TO-CASH
HOW INTEGRATED RECEIVABLES OVERCOMES THE FOUR BIGGEST CHALLENGES IN ORDER-TO-CASH EXECUTIVE SUMMARY Businesses are demanding more of their treasury departments. Treasury must become a strategic advisor,
More informationFinancial Institutions Consulting. Quality service. Personal attention.
Financial Institutions Consulting Quality service. Personal attention. Why Weaver? With more than 65 years of experience and a commitment to our financial institution clients, Weaver is established as
More informationAn all-in-one risk management platform delivering fraud detection, transactions screening and customer due diligence capabilities
CGI Centaur An all-in-one risk management platform delivering fraud detection, transactions screening and customer due diligence capabilities What is CGI Centaur? CGI Centaur is a versatile and complex
More informationFRAUD MONITORING. Modern, comprehensive solution for fraud detection and prevention in banking systems.
FRAUD MONITORING Modern, comprehensive solution for fraud detection and prevention in banking systems. www.infigo.hr INTRODUCTION KEY FEATURES OF INFIGO FM Banking institutions are increasingly faced with
More informationPreventing Board and Management Liability for Violations of AML Rules
Preventing Board and Management Liability for Violations of AML Rules Navigating New Rules and Regulations That Place Increased Responsibility on Boards and Compliance Officers for the State of Institutional
More informationRISK MANAGEMENT IN ELECTRONIC PAYMENTS. Olutimilehin Oyesanya (Phillips Consulting) CISSP, CISA, COBIT 5 Assessor, PMP, ISO LA, ISO LI
RISK MANAGEMENT IN ELECTRONIC PAYMENTS Olutimilehin Oyesanya (Phillips Consulting) CISSP, CISA, COBIT 5 Assessor, PMP, ISO 27001 LA, ISO 20000 LI Phillips Consulting Who we are Our Technology Division
More informationTen Payment Fraud Protections
Ten Payment Fraud Protections 1. Payee Positive Pay a. Provided by banks b. Banks match check serial numbers and dollar amounts against a company provided list of checks issued and only pays those checks
More informationProduct Frontier Reconciliation
Product Frontier Reconciliation Mitigate Risk, Improve Operational Efficiency and Enable Regulatory Compliance Product Frontier Reconciliation from Fiserv takes an enterprise approach to reconciliation
More informationKey BSA/AML takeaways from the 2015 FIBA conference
Key BSA/AML takeaways from the 2015 FIBA conference April 2015 This year s Florida International Bankers Association (FIBA) conference included a number of sessions that addressed Bank Secrecy Act and
More informationLESSONS LEARNED FROM BSA ENFORCEMENT ACTIONS
LESSONS LEARNED FROM BSA ENFORCEMENT ACTIONS Rick MacNamara Director of AML Risk Supervision Federal Reserve Bank of Atlanta Miami Branch rick.macnamara@atl.frb.org Board/Mgt Oversight BSA Manual The BSA/AML
More informationJen Wasmund, AAP, NCP Compliance Services Director
Jen Wasmund, AAP, NCP Compliance Services Director Regional Payments Associations, through their Direct Membership in NACHA, are specially recognized and licensed providers of ACH education, publications
More informationCORE BANK PROCESSING NUPOINT. Dynamic Solutions. Superior Results.
CORE BANK PROCESSING NUPOINT Dynamic Solutions. Superior Results. NUPOINT FULL INTEGRATION OF CORE SERVICES AND MUCH MORE FULL INTEGRATION across banking platforms NuPoint provides your bank with a dynamic,
More informationRemote Deposit Capture An Overview of how Technology and Legislation changed core banking
Remote Deposit Capture An Overview of how Technology and Legislation changed core banking John M. Curtis, AAP/NCP Vice President and Director Education and Communications Western Payments Alliance September
More informationFed Consultation Paper Association for Financial Professionals (AFP) Response
Fed Consultation Paper Association for Financial Professionals (AFP) Response Q1: Are you in general agreement with the payment system gaps and opportunities identified? What other gaps or opportunities
More informationBSA/AML Self-Assessment Tool. Overview and Instructions
BSA/AML Self-Assessment Tool Overview and Instructions February 2018 1129 20 th Street, N.W. Ninth Floor Washington, DC 20036 www.csbs.org 202-296-2840 FAX 202-296-1928 2 Introduction and Overview The
More informationOmni-Channel Capture: An Evolving Strategic Direction
Omni-Channel Capture: An Evolving Strategic Direction Vijay Balakrishnan, StratEx LLC Denis Bergeron, NCR Xan Kasprzak, Ensenta Corporation Joe Gregory, Orbograph Corporation November 6, 2015 Be sure to
More informationEMBEDDING THE PAYMENTS PROCESS: 3 STEPS FOR INTEGRATION AN EBOOK BY
EMBEDDING THE PAYMENTS PROCESS: 3 STEPS FOR INTEGRATION AN EBOOK BY TABLE OF CONTENTS Intended Audience... 3 Introduction... 4 Step 1: Choose an Onboarding Method... 10 Step 2: Determine Transaction Processing
More informationHow to discover ways to sustainable anti-money laundering operations*
Banking and Capital Markets How to discover ways to sustainable anti-money laundering operations* *connectedthinking Table of contents Situation 5 Perspective 6 Common components of a successful integrated
More informationBSA/AML Compliance in Acquisitions
BSA/AML Compliance in Acquisitions Don t Make Someone Else s Mistakes Your Own Thank you for joining us! The webinar will begin at 1 PM Central September 14, 2017 PRESENTED BY MARK STETLER & LORI MOORE
More informationYou Don t Have to be Big to Get Operational Economies of Scale
You Don t Have to be Big to Get Operational Economies of Scale Richard Chapman, Vice President, Business Development and Strategy, FIS Reconciliation Business Joseph Vesey, Global Pre-sales Manager, FIS
More informationTreasury Management Solutions
Sales Support T3 Tech Support Team Live Chat @ www.texasbankandtrust.com 903-237-1881 1-800-263-7013 rev 20431 12/2017 Treasury Management Solutions THE TBT DIFFERENCE Established in 1958, Texas Bank and
More informationAnti-Money Laundering
Anti-Money Laundering Risk Assessments as a Key to AML/BSA Compliance AIBA Quarterly Meeting March 2008 January 2006 About edelta Consulting edelta Consulting, Inc. is a full service consulting firm formed
More informationOPERATIONAL TRANSFORMATION OF ANTI-MONEY LAUNDERING THROUGH ROBOTIC PROCESS AUTOMATION
OPERATIONAL TRANSFORMATION OF ANTI-MONEY LAUNDERING THROUGH ROBOTIC PROCESS AUTOMATION The regulatory burden on financial institutions (FIs) has increased dramatically in recent years. In the crucial area
More informationREGULATORY HOT TOPICS FOR INTERNAL AUDITORS: EVALUATING THE USE OF AML TECHNOLOGY
REGULATORY HOT TOPICS FOR INTERNAL AUDITORS: EVALUATING THE USE OF AML TECHNOLOGY Shaheen Dil MANAGING DIRECTOR, PROTIVITI John Atkinson DIRECTOR, PROTIVITI Carl Hatfield DIRECTOR, PROTIVITI Chetan Shah
More informationAdvanced Finance for Governing Board Members. Charter Schools: Advancing the Promise!! 2015 Annual Conference
Advanced Finance for Governing Board Members Charter Schools: Advancing the Promise!! 2015 Annual Conference Governing Body Responsibilities with regard to finance Fiduciary responsibilities outlined in
More informationDealing with Duplicates 3-Part Session Series -Session #2- Operational Considerations
ealing with uplicates 3-Part Session Series -Session #2- Operational Considerations Phyllis Meyerson, AAP, CCM Executive Vice President, ECCHO Ellen Heffner, NCP irector, Product Management, ECCHO John
More informationSMALL BUSINESS RDC: TAKING TRANSACTIONS OUT OF THE BRANCH
SMALL BUSINESS RDC: TAKING TRANSACTIONS OUT OF THE BRANCH EXECUTIVE SUMMARY Two-thirds of the nation s checks are written to businesses, and these are a major contributor to traffic at bank branches. Migrating
More informationCONSULTATION DOCUMENT AML/CFT SUPERVISORY STRATEGY
CONSULTATION DOCUMENT AML/CFT SUPERVISORY STRATEGY Central Bank of The Bahamas Bank Supervision Department December 2017 1 Executive summary The Central Bank of the Bahamas ( the Bank ) regulates and supervises
More informationRETHINKING WHAT RDC MEANS TO YOUR CUSTOMERS AND YOUR FINANCIAL INSTITUTION
RETHINKING WHAT RDC MEANS TO YOUR CUSTOMERS AND YOUR FINANCIAL INSTITUTION Thank you for joining! Please wait while others join the line. The Webinar will begin shortly. As a courtesy to others, please
More informationInfo paper Is your sanctions filter working?
Info paper Is your sanctions filter working? How regular testing and tuning can help you achieve peace of mind. Contents How regular testing and tuning can help you achieve peace of mind. Executive Summary
More informationFMS New York/ New Jersey Chapter Meeting January 14, The Impact of Models. by: Scott Baranowski
FMS New York/ New Jersey Chapter Meeting January 14, 2015 The Impact of Models by: Scott Baranowski MEMBER OF PKF NORTH AMERICA, AN ASSOCIATION OF LEGALLY INDEPENDENT FIRMS 2010 Wolf & Company, P.C. About
More informationVirtual Currency and Electronic Money Movers: AML Red Flags. John A. Beccia, Circle Internet Financial
Virtual Currency and Electronic Money Movers: AML Red Flags John A. Beccia, Circle Internet Financial Discussion Topics Background on Digital Currency and Emerging Payments Regulatory Update Assessing
More informationTHE ARCG CHARTER. Issued in March 2008
THE ARCG CHARTER Issued in March 2008 Index Part A Internal Audit Purpose Charter Mission Independence Scope & Responsibilities Authority Accountability Standards Part B Compliance Introduction Guiding
More informationFraud Controls to Tackle the Mobile Revolution
Fraud Controls to Tackle the Mobile Revolution TABLE OF CONTENTS Overview... 3 Today s Challenges for Financial Institutions... 3 Mobile-Enabled Fraud Mitigation... 5 Identify & Combat Mobile-Enabled Fraud
More informationSTAR Network Overview
STAR Network Overview Presented by: Jeff Jakopec, Sr. Strategy Business Development September 26, 2017 What Differentiates STAR Network From the Rest STAR provides market leading fraud solutions that help
More informationStatement on Risk Management and Internal Control
INTRODUCTION The Board affirms its overall responsibility for the Group s system of internal control and risk management and for reviewing the adequacy and effectiveness of the system. The Board is pleased
More informationThe Changing Check Deposit Landscape: An Obstacle Course for Fraud Management. Copyright 2016 NICE Actimize. All rights reserved.
The Changing Check Deposit Landscape: An Obstacle Course for Fraud Management TABLE OF CONTENTS Overview... 3 Fraud Follows Speed: The Hurdles Financial Institutions Face... 3 Navigate to the Safety of
More informationBSA Risk Assessments and Transaction Monitoring Systems: Partners in Crime Prevention and Detection
BSA Risk Assessments and Transaction Monitoring Systems: Partners in Crime Prevention and Detection Presented by Lynn English Lafayette Federal Credit Union Key Takeaways After this webinar, participants
More informationEmergency Preparedness: Financial Resiliency When Disaster Strikes
Bank of America Merrill Lynch White Paper Emergency Preparedness: Financial Resiliency When Disaster Strikes October 2014 Executive summary Financial continuity should be viewed as an integral part of
More information