TOPIC: Risk

SAR Writing Checklist | Free Download

SAR writing and filing is arguably one of the most important responsibilities of BSA professionals. Leverage this SAR Writing Checklist to ensure you have incorporated the key items law enforcement is looking for in a quality SAR.
Download this checklist for:
  • Essential elements to include in each SAR
  • Key components of a compelling narrative
  • Other critical details that must be addressed
Download here.

    FinCEN Doubles Down on Banks’ Crypto Exposure

    Taking center stage in a key-note address at the virtual 2020 ACAMS Las Vegas Conference, FinCEN Director Kenneth A. Blanco clarified a long-standing confusion banks have had regarding their exposure to cryptocurrencies and the steps they must take the mitigate these risks.  Director Blanco said that FinCEN continues to focus its efforts on a number of priority areas, including that virtual currency space stating “one issue that continues to come up during these discussions relates to mitigating risks associated with emerging payment systems, including virtual currency. To be clear, exchanges are not the only ones with crypto risk exposure. These risks are not unique to money services businesses or virtual currency exchangers; banks must be thinking about their crypto exposure as well. These are areas your examiners, and FinCEN, will ask you about when assessing the effectiveness of your AML program”.

    Read the full blog here!

      Infographic | 10 Tips for Financial Crime Management during the COVID-19 Crisis - Download Now

      Infographic
      10 Tips for Financial Crime Management during the COVID-19 Crisis

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      From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise attacks, financial crime management teams are under immense pressure to combat emerging crime and prevent losses during the COVID-19 pandemic.

      Download our informative infographic, developed in partnership with our 3000 financial institution customers, to learn 10 essential tips to address the growing fraud and AML challenges amidst COVID-19.

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