Banks and Credit Unions
UDAAP Examination Procedures: recent revisions included!
During this webinar, we will discuss the intricacies of the revised UDAAP examination procedures, especially in terms of evaluating potential discrimination within the unfairness framework. We also go over the current regulatory climate and what to expect from examiners in 2024. Areas Covered Overview and background of UDAAPCurrent regulatory environmentChanges to the examination proceduresIdentify steps to..
Key US AML Regulation Changes for 2024: Important for Compliance Staff
These changes will keep us busy and require us to make applicable updates to our internal documents, systems, policies and procedures, and reference materials. And don't forget about any special projects that may occur as well throughout the year.It’s important to understand these changes, but we must also understand the implications for our financial institutions, particularly for individual staff members...
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Cash Fraud – Don’t Let it Walk Out the Door!
This webinar is a strategic guide for businesses and financial professionals to understand, detect, and prevent cash fraud risks. As cash remains a vulnerable asset, it's crucial for organizations to fortify their defenses against fraudulent activities that could impact their financial stability. Participants will gain practical insights, tools, and best practices to safeguard their cash assets and establis..
Fraud: Creating a Fraud program and Implementing It For Your Institution
Management has a responsibility to be familiar with and alert to the types of fraud that might occur in their area and to put in place effective controls to avoid such occurrences. Management should also provide support to and work with the Internal Audit Division, other areas in a financial institution by reporting and investigation of dishonest or fraudulent activity, including the prosecution of offender..
Communicating Financial Information To Non-Financial Stakeholders
Financial Professionals and challenged in the presentation of financial information to non-financial professionals. Financial professionals have the knowledge. Non-financial professionals need the information in forms they can understand. Financial professionals must keep it simple. Customers are not accountants. It helps to relate financial information to personal information to enhance understanding. Also..
New NACHA Operating Rules Changes in 2024
Each participant in the ACH Network is required to follow the NACHA Operating Rules and be compliant. Minor topics changes included within these updated Rules:General Rule for WEB EntriesDefinitions of OriginatorOriginator Action on Notification of ChangeData Security RequirementsUse of Prenotification EntriesClarification of Terminology – Subsequent EntriesThese minor changes will become effective Ju..
Effective Anti-money Laundering Program - Financial Fraud Detection, Prevention
In this upcoming webinar, we will delve into various aspects of auditing financial accounts, including recognizing suspicious transactions and utilizing computerized tools to enhance efficiency. Additionally, we will discuss the importance of maintaining up-to-date customer information for a robust Know Your Customer (KYC) design. Training and awareness on best practices in financial monitoring will also be..
14 Credit Discipline Tools for Diagnosing, Improving, and Maintaining Your Organization’s Credit Culture
Successful credit risk management relies on a strong credit culture to support and execute strategies and policies. In turn, the culture relies on some basic tools to maintain its strength. These 14 tools offer an expedient way to test the quality of credit risk management but also serve as techniques for remediating and improving credit culture and credit risk management.Learning ObjectivesDefine and expla..
Analyzing Financial Statements
You will learn all about how to start the analysis process, how the FASB and SEC operate together and where you can find audited financial statements and how to retrieve them. We will cover auditor’s opinions and what they mean. We will discuss the objectives of analysis management, learn tools and techniques such as common sizing financial statements and trend analysis. We will cover the five categories of..
Basics of Asset Based Lending (ABL)
Asset-based lending (often referred to as “ABL”) is a form of commercial lending designed to finance safely the working capital needs of a borrower whose cash flow currently may not support debt repayment. Like other commercial loans, cash flow is the primary repayment source for an asset-based loan but with a stronger reliance on the company's assets as collateral and firmer control over the receipts of th..
Basics of Forensic Accounting
Whether you are involved in evaluating the creditworthiness of a prospective customer, analyzing investment opportunities, or even beginning to suspect that something funny is going on in your own company, this session will give you the tools to determine what is really going on. It's not just about the financial statements, this presentation will show you how to conduct a preliminary investigation will hel..
Best Practices for Preventing Credit Card Fraud
This Webinar describeHistory of credit cards in corporate America - Why companies have decided to use credit cards for their employee’s - How to control cash and spending on credit cards - Pro’s and Con’s of issuing corporate credit cardsDifferences in Corporate credit cards - Individual Liability card versus Corporate Liability card - What companies are eligible for corporate..
BSA Reporting Requirements
BSA regulations require all financial institutions to submit five types of reports. Individuals or companies must file an individual filing requirement. We will go over more details later on in this presentation. They are: Currency transaction reports (CTR)Suspicious Activity Report (SAR) Foreign financial accounts (FBAR)Currency and Monetary Instrument Report (CMIR)Designation of Exempt PersonAreas Covered..
Business Analytics for Decision Making – Making it Work
This presentation focuses on how the finance and accounting function can leverage analytics, especially predictive ones, embedded in their financial reporting, planning, and decision making.Finance and accounting professionals are typically considered to be very quantitative. They are by nature number-crunchers. But collecting, validating, and reporting data is not the same thing as analyzing the informatio..
Currency Transaction Reports (CTRs): How to Deal with Common Issues for Filing
Under the Bank Secrecy Act (BSA), there are reporting obligations for financial institutions doing business in the US. A currency transaction report is one of those obligations. A CTR must be filled out whenever a customer conducts a currency transaction over $10,000. There are some exemptions which we will go over as well. Remember with CTRs, it is a form we file to help prevent money laundering, We are go..