Banks and Credit Unions
Emerging Issues: E-Signatures, E-Verification, E-CDD/EDD Etc
In recent years the increased use of electronic means to obtain customer signatures, to conduct verifications of customer information, and to conduct overall customer due diligence has posed problems for financial institutions to fully comply with KYC, CDD/EDD requirements. This webinar will discuss methods of using electronic means for these activities and will discuss up-to-date guidance provided by FinCE..
Employee Fraud: Prevent, Detect, Manage
Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.Learning ObjectivesUnderstand the fraud problemWhy employees commit fraudEssential fraud detection tools..
Ensuring compliance in Anti-Money Laundering (AML) / Know Your Customer (KYC)
Money Laundering, when it is allowed to occur, is often done to enable crime: for example, fraud, drug trafficking, human trafficking, or terrorism. Moreover, Money Laundering can be a felony in itself, because it enables crime, or because it violates laws enacted to protect national security. Because of this, US law imposes on banks and other financial institutions (such as Credit Unions), and their manage..
FinCEN's CDD Rule - Fifth Prong of the AML Program
FinCEN has issued substantial new AML requirements focused on a major expansion of Know Your Customer into what is now Customer Due Diligence, CDD. It goes far beyond knowledge of the Customer Legal Entity to the Beneficial Owner of that entity and its Controlling Persons. It is focused beyond the initial customer acceptance step, requiring updating and ongoing monitoring against baseline “normal” activity ..
Global Cash Flow : How to Calculate and Use GCF to Determine a Borrower’s Ability to Repay
The webinar will explain how to, first, determine the cash flow from the borrowing entity available to repay debt, and, second, incorporate the available cash flow from guarantor individuals and entities. Analysis of these various cash flows means quantifying existing and proposed debt and adjusting cash flows for living expenses and other costs. Speaker will use case studies, slides, problem-solving skills..
How to Analyze the Income Statement
Many people may have financial statements in front of them but they do not know what they should be looking for. The Financial Statements can be seen as a Maze as there is so much information and people do not know where to start looking first. This live webinar will show people where they can find the income statement information they need and then depending on their needs (Are they looking to invest in th..
How to Project Cash Flow to Evaluate Borrower’s Ability to Repay Long-term Loans
One of the most basic analytical and underwriting tools a banker must have is the ability to determine whether a borrower can repay its loans based on the financial information available. Financial organizations extend credit to borrowers when the borrowers show the ability to repay the loans extended. Ideally, a request for a five-year loan should be supported by a 5-year cash flow projection. Learn key as..
Identifying Bankruptcies Sooner Than Later
This topic will benefit anyone who manages the Accounts Receivable asset and its risk of bad debt and delinquency loss. Credit control teams are continuously asked to deliver improved results with the same or reduced resources. The marketplace has seen a proliferation of private financing tools which can increase customers’ leverage and subordinate unsecured creditors’ claims.Completing this session will en..
Impaired Loans: Handle with Care - How to Manage, Account For and Collect Them
Impairment in any form of lending is but a usual mishap that will typically occur, as a rule of the game. For bankers, loan impairment is something to prepare for, as early as before setting up operations, and to permanently upgrade. Failure to do that reveals costly. Refusal to do that, though, deprives the bank of lending premiums, in that the bank will not lend to credit-risky borrowers. Hence it is miss..
Implementing The CFPB’s Debt Collection Rule-Changes In Consumer Debt Collection In The USA
The Consumer Financial Protection Bureau’s Debt Collection Rule, promulgated under the Dodd-Frank Act to update the Fair Debt Collection Practices Act, (15 USC 1692) was published in November 2020, in an effort to bring debt collection regulation into the 21st century. It will impact the practices of third-party debt collectors. Collectors and creditors alike need to understand the new requirements related ..
Importing and Exporting by U.S. Mail and Express Consignment
The Webinar will cover such topics as definitions of various articles related to U.S. Mail and express consignments; mail subject to Customs examination; exceptions to Customs examinations; general documentation and requirements; importations not over $800 in value; bona - fide gifts; dutiable packages; formal entries; costs of importing by mail; special classes of merchandise; restricted and prohibited mer..
Improve Your IRS Compliance: Use Best Practices for TIN Solicitation
This IRS regulatory compliance training will explain the Best TIN Solicitation Best Practices. While TIN solicitation might sound too lascivious for the legitimate business world, it is critical that every organization take this task seriously. For if they don't, a very uncomfortable and costly audit with the IRS is likely to ensue.Areas CoveredIdentify all required TIN information you need to collectDesign..
Increasing Criminal Risks of Intermediaries for Cross-Border Financial Crimes
In the last couple of decades, the world has experienced growing prosecutions of intermediaries for cross-border financial crimes. A U.S. bank was convicted by a Spanish court for moving money in the Pinochet criminal investigation instead of freezing it. The U.S. and State of New York have brought criminal cases against banks for a variety of financial crimes, especially economic sanctions. The U.S. DOJ ha..
Keys to Implementing The CECL Accounting Standard
In this webinar, will discuss the following topics:Overview of the CECL calculation under three widely recognized methods: o Vintage o The probability of Default / Severity of Loss o Migration AnalysisHow will the accounting change for classified loans considered impaired under FAS #114 or for troubled debt restructured loans?What data is needed to implement CECL? How is this data gat..
Making An Ethics Policy
The increased focus on ethics for businesses and organizations of all types, even including government, is not only a socially commendable development but importantly has legal implications for liability for potential claims against them, their directors, officers, and managers. Having an Ethics Policy is thus not only socially responsible but internally wise.WHY?The law views ethics and agency as the twin ..