Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
FinCCEN is expected to release new enhanced due diligence requirements in August. The four key elements the new rule will address are: (1) identifying and verifying member identity; (2) verifying identity of beneficial owners of business entities; (3) understanding the nature and purpose of member relationships; and (4) conducting effective ongoing monitoring for suspicious activity. [6/17/15]
Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.
What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video