by George Self | Bank Marketing & Advertising, Bank Operations & Compliance, Banking regulation, FINTECH, Regulation, Technology, The Community Bank Compliance Blog, Uncategorized
I’m a fan of innovation in the financial industry. God knows, it is needed. However, I’m not a big fan of regulation. God knows, there’s a lot that should be given the old heave-ho. But, there are limits. And, we’ve recently reached a big one. That’s why I’m...
by Alex DeRobertis | Bank Operations & Compliance, Business At Its Best, Risk Assessment
Smart companies keep a close eye on their exposure to risk. Banks are required to assess the risks associated with all functional areas of the company (credit, financial, product, compliance, IT, market, etc.). Not a bad idea for the rest of us… It’s a big...
by Alex DeRobertis | Bank Operations & Compliance
Chalk one up for the good guys. In the May 2009 issue of the FINCEN “SAR ACTIVITY REVIEW”, it appears that a bank’s BSA/AML geeks tripped up the bad guys and helped send them to jail. The geeks dutifully noticed a business checking customer who appeared to be engaging...
