• Agencies Release Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual

    Updated: 2010-04-30 06:52:04
    The Federal Financial Institutions Examination Council (FFIEC) today released the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.

  • Bank Secrecy Act: FinCEN Needs to Further Develop Its Form Revision Process For Suspicious Activity Reports

    Updated: 2010-04-30 06:52:04
    GAO testimony on the work that FinCEN is doing to implement a new process to revise SARs and other Bank Secrecy Act forms. Description: Bank Secrecy Act: FinCEN Needs to Further Develop Its Form Revision Process For Suspicious Activity Reports

  • Anti Money Laundering: Better Communication Could Enhance the Support FinCEN Provides to Law Enforcement

    Updated: 2010-04-30 06:52:04
    In December 2009, GAO reported that the majority of 25 LEAs GAO surveyed found FinCEN's support useful in their efforts to investigate and prosecute financial crimes, but FinCEN could enhance its support by better informing LEAs about its services and products and actively soliciting their input.

  • FinCEN Warns Lenders to Guard Against Home Equity Conversion Mortgage Fraud Schemes New Guidance Assists Financial Institutions

    Updated: 2010-04-30 06:52:04
    The Financial Crimes Enforcement Network (FinCEN) today released new guidance, Advisory to Financial Institutions on Filing Suspicious Activity Reports Regarding Home Equity Conversion Mortgage Fraud Schemes, to assist financial institutions in guarding against fraud schemes perpetrated against senior citizens who use the Federal Housing Administration's (FHA's) Home Equity Conversion Mortgage (HECM) program, a form of reverse mortgage.

  • Inside the TJX/Heartland Investigations

    Updated: 2010-04-30 06:52:04
    BankInfoSecurity.com Information Security News , Regulations , Education Bank Information Security Podcasts Credit Eligible As a BankInfoSecurity.com annual member , this content can be used toward your membership credits and transcript tracking . Click For More Info Inside the TJX Heartland Investigations April 29, 2010 Interview with Kim Peretti , Former Federal Prosecutor With the recent sentencing of the last of Albert Gonzalez' co-conspirators in the TJX and Heartland data breaches , a long , hard criminal investigation comes to a close . In an exclusive interview , Kim Peretti , former senior counsel with the Department of Justice , offers an inside look at these investigations , detailing : How the investigations unfolded from beginning to end The significance of the conspirators'

  • "Fraud & Stupidity Look a Lot Alike"

    Updated: 2010-04-30 06:52:04
    BankInfoSecurity.com Information Security News , Regulations , Education Bank Information Security Podcasts Credit Eligible As a BankInfoSecurity.com annual member , this content can be used toward your membership credits and transcript tracking . Click For More Info Fraud Stupidity Look a Lot Alike April 27, 2010 Interview with Allan Bachman of the Association of Certified Fraud Examiners The magnitude of fraud schemes has grown the scale and the losses . But the basics of fraud investigation remain sound . And if there's one thing people should know up front , says Allan Bachman of the Association of Certified Fraud Examiners ACFE it's this : In their initial stages , fraud and stupidity look an awful lot alike . In other words , an investigator who stumbles upon what appears to be just

  • BankInfoSecurity.Com Week in Review: April 24, 2010

    Updated: 2010-04-30 06:52:04
    A review of the top news items you should be paying attention to this week, including: $500 million money laundering bust; Reg E reform discussed in D.C.; Cyber crime threats. Be sure to listen to this overview, and check out all of the week's news and views on BankInfoSecurity.com

  • FFIEC Issues Revised BSA/AML Exam Manual

    Updated: 2010-04-30 06:52:04
    First Update Since 2007; Compliance Program Structures Re-WorkedThe Federal Financial Institutions Examination Council (FFIEC) has released a revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual, including updates to several sections.

  • Ex-Bank Employee Charged with Fraud, ID Theft

    Updated: 2010-04-30 06:52:04
    Alabama Man Said to Have Stolen Customer's ID, FundsIn a case of insider fraud, former Regions Bank employee was indicted in Birmingham, AL this week.

  • Building an Online Reputation

    Updated: 2010-04-30 06:52:04
    It Isn't Just Who You Know, But How You NetworkMany information security practitioners - beginners, journeymen and leaders alike - now take time to carefully cultivate their online reputations.

  • Why the Financial Reform Bill is Better Than Nothing (But Not by Much)

    Updated: 2010-04-29 22:50:39
    Financial reform legislation in Congress amounts to a missed opportunity to significantly improve our financial system

  • If My Phone Was My Wallet: Reflections from NACHA Payments 2010

    Updated: 2010-04-29 14:49:54
    It’s hard to imagine a business trip without a Smartphone. This week at NACHA Payments 2010, an embarrassing event caused me to consider the practical risks of overreliance on mobile devices. Mobile payments were a hot topic in Seattle this week. Multiple sessions argued the coincidence of factors that will bring about the ascent of mobile [...]

  • Joseph Stiglitz: Poster Boy

    Updated: 2010-04-29 14:49:52

  • What’s on a treasurer’s mind?

    Updated: 2010-04-29 14:49:51

  • Things worth reading: 29th April 2010

    Updated: 2010-04-29 14:49:50
    : : The Financial Services Club's Blog Your email : address Powered by FeedBlitz Subscribe to this blog's feed About Recent Posts Joseph Stiglitz : Poster Boy What’s on a treasurer’s mind Things worth reading : 29th April 2010 UK banks : over 1 trillion of maturing debt Things worth reading : 28th April 2010 Why identity management is so complicated Things worth reading : 27th April 2010 Spanish Banks leading in innovation now the iPad Bank UPDATE Things worth reading : 26th April 2010 The Finanser's Week : 19th April 25th April 2010 Recent Comments Chris Skinner on UK banks : over 1 trillion of maturing debt Peter on UK banks : over 1 trillion of maturing debt Pragmatist on UK banks : over 1 trillion of maturing debt Chris Skinner on UK banks : over 1 trillion of maturing debt Peter on UK

  • Why Goldman and Congress Aren't Speaking the Same Language

    Updated: 2010-04-29 06:49:34
    The Goldman Sachs hearing raises a key question: Is a bank that makes markets for other investors legally obliged to disclose what the company...

  • Lessons From the “NFC Promised Land” (Japan): Some Quick Thoughts

    Updated: 2010-04-28 16:09:21
    I just recently completed a trip to Japan (yet another), this time with the explicit objective of examining the Japanese mobile proximity payments.  I had the great fortune to meet with some of the biggest companies in the Japanese market, including banks, mobile carriers and payment brands.  Despite what will be a hectic travel schedule during the next [...]

  • A Major Blip in Blippy’s Security

    Updated: 2010-04-28 16:09:20
    If only it were just a blip. Mashable just reported that a simple Google search reveals Blippy users’ credit card numbers. As much as I love the social web, I could never wrap my head around the concept of folks providing their credit card number in order to share info on what they are purchasing. While [...]

  • Celent Innovation & Insight Day - Social Media Panelists Announced!

    Updated: 2010-04-28 16:09:19
    Celent Innovation and Insight Day is just around the corner. I gave you as sneak preview of some of our panelists a short while ago. We just recently announced the full roster for our social media panel: Rhonda Crawford Vice President Digital Media & Innovation USAA Steven L. Kruskamp Jr. E-Commerce Marketing Manager, Officer 1st Mariner Bank Bradley Leimer Vice President Online Services [...]

  • Credit Crising Coming?

    Updated: 2010-04-28 16:09:18
    I was recently in Santiago, Chile and have a very unscientific view of the credit crisis in the US. I see the same thing happening in Chile. Banks are on every street corner in Santiago. The list of banks is impressively long and the branch density is astounding. Banco de Chile Banco de Desarrollo Banco de Credito Inversiones [...]

  • Top priorities on a Transaction Banking COO’s agenda

    Updated: 2010-04-28 16:09:17
    Based on my research, Chief Operating Officers (COO) of Transaction Banks are focusing on: > Integrating cash and trade management functions. > Aligning business units on same performance targets (i.e., same P&L) to ensure integration of functions. > Educating sales reps to understand their clients’ business processes. > Consolidating IT systems to extract data and build through analytics “intelligent” [...]

  • Citi is First Financial Institution to Have a “Verified” Twitter Account

    Updated: 2010-04-28 16:09:15
    A while back I blogged about the security risks associated with social networks (see http://bankingblog.celent.com/?p=430). One of the risks of social sites like Twitter is the ability for a fraudster to pretend they are Bank XYZ in order to steal customer information and credentials. While there are many factors required to curb potential fraud, an easy [...]

  • Mobile Payments At Celent’s Innovation & Insight Day

    Updated: 2010-04-28 16:09:14
    Following up on Jacob Jegher’s post below, I would like to elaborate on content of the mobile payments panel at Celent Innovation & Insight Day on May 13 in NYC. As Jacob mentioned, we will be joined by panelists from PayPal and Citi.  Wells Fargo will also be joining the panel, so some of the biggest names [...]

  • Celent Innovation & Insight Day - May 13, 2010. Panelist Sneak Peek!

    Updated: 2010-04-28 16:09:13
    Celent Banking Innovation and Insight Day is around the corner!  The response so far to this event has been tremendous and we are expecting a full house.  Come join us in New York to gain a fresh perspective on subjects including top tech trends, social media, risk management, core banking, mobile payments, and more. I am [...]

  • OD now DOA?

    Updated: 2010-04-28 16:09:12
    I just received a statement stuffer from one of my banks providing me “Important information for consumers about your checking account.” This is about the changes to Reg E. Consumers must opt-in to overdraft protection for one time debit card purchases and ATM transactions. This is a game changer in the world of retail banking [...]

  • Product Branding Vs Corporate Branding

    Updated: 2010-04-28 16:09:08
    Companies adopts either of the two strategies of branding depending upon their marketing orientation and many other factors. However both the strategies have their own strengths and weaknesses.

  • UK banks: over £1 trillion of maturing debt

    Updated: 2010-04-28 16:09:05

  • Assessing the Middle Class

    Updated: 2010-04-28 16:09:04
    While the economy is seeing some progress towards recovery, average Americans continue to be affected by the recession last year. In general, living standards have dropped to below the thresholds that exemplify middle-class lifestyle. Among the different metric used by economists include income, property value, home size, cars, medical expenses, college savings, vacation, and retirement [...]

  • Things worth reading: 28th April 2010

    Updated: 2010-04-28 16:09:04

  • Personal Finance Tips for Fresh Graduates

    Updated: 2010-04-28 16:09:03
    Fresh graduates will face one of the most competitive career landscapes in decades. While there is work to go around, the prospect of career growth, promotions, and salary increase seems dim in many industries. Some businesses are optimistic. However, for recent graduates, it is important to be on the safe side. Those who are new [...]

  • Why identity management is so complicated

    Updated: 2010-04-28 16:09:03

  • Fabulous Fab, Goldman Sachs Execs: We're Innocent!

    Updated: 2010-04-28 16:09:02
    Goldman Sachs executives feel no contribution over the investment bank's role in causing the financial crisis

  • Things worth reading: 27th April 2010

    Updated: 2010-04-28 16:09:01

  • Spanish Banks leading in innovation - now the iPad Bank (UPDATE)

    Updated: 2010-04-28 16:09:00

  • In Lashing Goldman, Lawmakers Should Also Turn the Whip on Themselves

    Updated: 2010-04-28 16:09:00
    Lawmakers are beating up on Wall Street. Great. But it's time our elected officials acknowledge their own role in causing the financial crisis

  • Things worth reading: 26th April 2010

    Updated: 2010-04-28 16:08:58

  • The Finanser's Week: 19th April - 25th April 2010

    Updated: 2010-04-28 16:08:57

  • Wall Street Interruptus: Why "Resolution Authority" Won't Avert the Next Financial Bubble

    Updated: 2010-04-28 16:08:57
    Giving government regulators the power to shut big financial firms would do little to end the era of "too big to fail"

  • Your soul is mine

    Updated: 2010-04-28 16:08:55

  • Bad Credit: How S&P, Moody's and Fitch Helped Cause the Housing Bubble

    Updated: 2010-04-28 16:08:55
    The credit rating agencies played a central role in the housing bubble. Which is why it's scary that financial reform legislation is unlikely to do...

  • Things worth reading: 23rd April 2010

    Updated: 2010-04-28 16:08:54

  • Why the G20 will disagree with the IMF reforms

    Updated: 2010-04-28 16:08:52

  • Things worth reading: 22nd April 2010

    Updated: 2010-04-28 16:08:51

  • Cover payments - a real pain?

    Updated: 2010-04-28 16:08:50

  • The real banking crisis ...

    Updated: 2010-04-28 16:08:49

  • Things worth reading: 21st April 2010

    Updated: 2010-04-28 16:08:46

  • Pest Control: Why the Feds Won't Stamp Out CDO Termites

    Updated: 2010-04-28 16:08:43
    Does the SEC have the guts to pursue its case against Goldman Sachs to the center of Wall Street's wormy heart? Not likely

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