January 22 2020

Here Are Some Troublesome Gray Areas of Beneficial Ownership Rule

Here Are Some Troublesome Gray Areas of Beneficial Ownership Rule

While the official threshold is 25% ownership, financial institutions are reminded that "there may be circumstances where a financial institution may determine that ... a lower threshold may be warranted." This is just one potential gray area that may plague financial institutions with the new beneficial ownership rule. There are others. [4/25/18]

Risk Watch 153: What You Need to Know About Elder Financial Exploitation

Losses to senior citizens from financial abuse are estimated to be $3 billion last year alone. Banks and credit unions are on the front lines when it comes to detecting and reporting suspected instances of abuse. At the same time, they have an obligation to protect the privacy of their customers and respect their wishes to conduct lawful transactions. Amy Wargo of CU Solutions Group presents how financial institutions can navigate this delicate balance through effective employee training. Click here to watch now.

What is the AffirmX Platform?

Video 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

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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