Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Rabobank, N.A. in California failed to establish an adequate anti-money laundering program, specifically with customer due diligence and enhanced due diligence. It also missed 472 SARs totaling $233 million in suspicious activity. To top it all, the bank was found to have been trying to hide info from the OCC. See also this from the DOJ, which is making Rabobank forfeit $369 million. [2/8/18]
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