Fraud articles

What does new BSA/AML guidance mean for innovation?

What does new BSA/AML guidance mean for innovation?

New BSA and AML guidance from Congress and federal regulators pushes for innovation. By Colleen Morrison When Congress and regulators deliver consistent input on a financial services topic, it sends a clear signal to community banks: Pay attention. Such is the case with recent activity in Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance. In

Can we predict card fraud before it happens?

Machine learning technology is advancing to the point that some card issuers and processors are using it to predict where fraud is happening and where it will emerge. Though still in its early days, community banks are looking at how they might implement this technology.

Suspicious Activity Reports 101

How to train employees to pinpoint, monitor and report suspicious activity at your community bank. By Mary Thorson Wright Community bankers are no strangers to record keeping and reporting requirements under the Bank Secrecy Act (BSA). This includes the requirement to monitor for and report suspicious activity. In the first quarter of 2018, depository institutions

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