It’s important you know that your financial monitoring systems are effectively fighting against financial crimes. Learn ways to spot and report suspicious behaviors and how to utilize technology in the fight against crime. Guidelines for Reporting Suspicious Behaviors According to the Bank Secrecy Act, known or suspected law violations or suspicious activities must be reported… Read more »
Posts Categorized: News
Being Humble Might Be Hurting Your Career
Although you may prefer showing up to work and quietly finishing your tasks, chances are you’re not helping your career move in the direction that you want by being humble. Here are some reasons why and how you can change people’s perceptions of you. You Become Invisible Being Humble Not speaking up about your accomplishments… Read more »
How Can You Display Contagious Leadership?
As a leader, how you react to things affects how your team will react to them, which is especially true in financial recruiting. Learn both the obvious and subtle ways your words and behaviors affect your staff and how you can improve the messages you send to them. What Your Actions Tell Your Team Certain… Read more »
Are You Ready for the Updated Member-Business Lending Rule
The updated Member-Business Lending Rule becomes effective January 1, 2017. Learn the details behind the member-business lending update and how they will impact your credit union’s extension of commercial loans to members. Summary of the Updated Member-Business Lending Rule The updated Member-Business Lending Rule gives credit unions more flexibility in deciding whether to extend commercial loans…. Read more »
How Can You Be Aware of Fraud During Account Opening?
The best way to handle is by stopping it before it spreads. Follow these guidelines to help increase your methods of fraud detection when new customers open accounts with your organization. Multi-Step Authentication Verifying an applicant’s identity early in the application process helps prevent fraudulent activities from increasing. For example, authentication software may verify… Read more »
The SEC Called Cyber Security the “Biggest Risk” – How Can Your Company Prepare
The biggest risk facing the financial industry is cyber security. The SEC discovered that many major exchanges, clearing houses, and private exchanges and forums lack cyber policies covering the risks that they face, leaving them open to cyberattacks. Although the SEC is doing everything possible to prevent such attacks, the agency cannot handle the problem… Read more »
Nobody Likes a Bad Boss – Avoid Becoming One
Nobody likes having a bad boss who acts more like a dictator than a mentor. Follow these guidelines so your staff members want to follow you. Make Time for Staff Devoting time and resources to your staff members’ professional development are a productive investment. When you show interest in your employees’ futures and help… Read more »
Identify Funnel Accounts with These 12 Red Flags
Funnel accounts created by profits earned from committing crimes are commonly used in money-laundering schemes. Watch for these 12 red flags to help you stop the progression of funnel accounts. 12 Red Flags of Funnel Accounts Accounts with multiple deposits quickly transferred to other accounts. Checks may have different handwriting on the payee and… Read more »
Move Into the Financial Compliance Industry with These Skills
The financial industry is facing much more litigation and red tape from new regulations. Because of this, companies are hiring compliance officers at all levels and paying top dollar for the best candidates. Here are some skills you’ll need to move into the financial compliance industry. Education A degree in finance, management, accounting, economics,… Read more »
Improve These Daily Behaviors to Become a Better Leader
Working on your leadership skills daily will help you advance at work. When you’re in a leadership position, it’s easier to work on your leadership skills, but you don’t have to be in a traditional leadership role to become a leader. Here are three ways to improve your behaviors and get on your supervisor’s… Read more »