The latest technology is essential for your bank or financial institution’s financial compliance plan. Here are some reasons why. Regulatory Compliance Regulatory agencies look favorably on organizations that keep up with the latest compliance technology and they are using predictive analytics to meet anti-money-laundering (AML) compliance standards. Your bank or financial institution can… Read more »
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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 »
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 »
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 »
Because of the 2008 financial crisis, the government took steps to control how big and small banks function so future bailouts aren’t necessary. Some of those steps, such as passing the Dodd-Frank Act, may have done more harm than good for local banks. Dodd-Frank Act U.S. Representatives Barney Frank (D., Mass.) and Chris Dodd… Read more »
As an insurance and investment professional dealing directly with clients, you’re able to obtain information about their fund sources, reasons for purchasing annuities or other insurance products, and other personal details. This puts you as a first line of defense against money laundering. The Money Laundering Process Money laundering filters illegally gained money through various… Read more »
Finding a job can be stressful. By asking for some job search help, your experience becomes much easier. Utilize these sources when finding your next position. Personal Relationships Since we’re wired to connect with and help others, utilize personal relationships to help you find your next job. Whether striking up a conversation with the person… Read more »
A great interview process is essential in hiring quality workers for your company. Follow these guidelines to help you save time and money while hiring top talent. Skills Creating an engaging job description is your first step in the interview process in targeting the right candidates. Creatively use industry-standard language when stating the position’s… Read more »
Cyber attacks involving data breaches are growing in number and sophistication. As a financial institution holding funds and private data on consumers and commercial entities, your organization is especially vulnerable. Learn how to minimize your risk in case of a cyber attack. Set a Plan To Avoid a Cyber Attack Manage your risk for… Read more »
Let it Make (Not Break) Your Chances at a Job! Etiquette, as Emily Post once declared, is the science of living. It may seem stuffy and outdated to some, but having established social protocols can be helpful in unfamiliar situations. A job search, for example, is a time where it can be a blessing to… Read more »