Click on the link next to the number to access each resource.
Resources describing red flags are among Abrigo’s most popular educational materials. BSA officers and AML investigators will equally benefit from this AML Investigations checklist, developed by the Homeland Security Investigations Financial Crimes Unit, to show how advancements in AML can improve the quality of transaction monitoring and identify red flags for money laundering. The compliance tool can be used for initial training and quality assurance for trained staff.
Your organization must be fully prepared to meet FinCEN’s updated requirements for AML/CFT programs. This infographic gives a brief overview of the new rules by FinCEN as an AML learning aid. It offers steps to evaluate existing AML/CFT programs to identify areas that will need improvement. The program aid also provides guidelines on revising policies to meet the new requirements. This 6-step guide is an essential tool for compliance officers and financial institution managers. Read this blog for even more information on the new program rules.
This discussion about fraud investigations with Homeland Security Investigations (HSI) agents was by far the most popular financial crime webinar this year. HSI agents discussed their experiences with fraud investigations and information-sharing approaches. We cannot provide the webinar for viewing on demand, but a handout on HSI resources available to financial institutions is available at the link above.
In the age of cryptocurrency and social media romances, it’s easier than ever for financial institution clients to be exploited financially and emotionally. This blog offers steps to tighten security and educate staff, customers, and members. Learn the programs, tools, and data that will protect against identity theft, damaged credit scores, and personal hardships.
Fraud leads to substantial losses, damages reputations, and can disrupt banking relationships, affecting profitability and growth. Abrigo’s nationwide survey of more than 1,000 Americans delves into the prevalence of different types of fraud. It examines respondents’ expectations and preferences regarding how institutions prevent and manage fraud, and it explains how AI can both facilitate and combat fraud. There’s also a version explicitly covering credit union survey results.
Wire fraud complaints are increasing, seriously impacting financial institutions and their clients. This infographic provides wire fraud prevention efforts representing recommended practices for protecting clients and financial institutions. From educational efforts to robust verification procedures, learn how to head off the negative impacts other institutions are experiencing from sophisticated schemes and technology exploits.
Risk governance is under the regulatory microscope, and supervisory downgrades have increased. This checklist reviews published supervisory priorities and specific areas that are likely to receive additional examiner focus during upcoming bank and credit union examinations. It covers operational risks like cybersecurity threats as well as liquidity, credit, and interest rate risks.
Even though consumers use checks less each year, check fraud is rising. This blog, one of our most popular this year, explains a new fraud detection tool to leverage in their fight against fraudsters. Learn more tips in this blog, “10 Check fraud red flags,” or by watching this check fraud webinar featuring a U.S. Postal Service inspector’s walk-through of efforts to combat check theft. This infographic also shares how checking fraud’s costs and impacts snowball: "Beyond immediate losses.”
This popular on-demand webinar is tailored to Bank Secrecy Act (BSA) professionals and covers the critical aspects of customer due diligence (CDD) practices. Program leads and senior executives will get valuable guidance to strengthen compliance efforts. This checklist is also a perennial favorite among readers: Customer due diligence: A checklist.
Another extremely popular webinar, this session described check fraud trends and the connection between check fraud and other fraudulent activities. Abrigo and experts from Mitek also discussed strategies to combat fraud. Another webinar that discussed check fraud, Tackling operational risks: Strategies for check fraud and ransomware prevention, also drew a huge crowd and featured advice from Lloyd E. McIntyre III, CFE, an Examination Specialist for fraud in the FDIC’s Cyber Fraud and Financial Crimes Section.
