Category: Legislation and Regulation

GAO Report: Bank Secrecy Act

GAO Report: Bank Secrecy Act

The GAO recently published the report, Bank Secrecy Act: Derisking along the Southwest Border Highlights Need for Regulators to Enhance Retrospective Reviews. The study was initiated because of reports made by Southwest ...

Remittances to Latin America and the Caribbean in 2017

Remittances to Latin America and the Caribbean in 2017

On January 25, 2018, the Inter-American Dialogue’s Migration, Remittances & Development Program hosted “Remittances to Latin America and the Caribbean in 2017,” an annual event presenting remittance flows to the regi ...

2 Challenges Organizations Face with Sanctions Screening

2 Challenges Organizations Face with Sanctions Screening

In an effort to remain compliant—and profitable—modern companies have adopted real-time sanctions screening as a battle-tested best practice. For those businesses that do not update and rescreen their clients and vendors ...

CFPB Releases 2017 Summer – Supervisory Highlights

CFPB Releases 2017 Summer – Supervisory Highlights

The CFPB  publishes Supervisory Highlights to share key examination findings. These reports also communicate operational changes to our supervision program and provide a convenient and easily accessible resource for info ...

The Four Main Challenges on Sanction Screening

The Four Main Challenges on Sanction Screening

Organizations face significant challenges, many of which are interconnected. In terms of compliance and risk management, companies must have not only the capacity to accurately identify customers and vendors, but also the ability to quickly process transactions for goods and services while minimizing the risk of running afoul of numerous rules and regulations that sometimes accompany such transactions.

The solution to meeting these needs must offer a delicate balance between risk management and speed. It must also address four major challenges of incorporating real-time screening.  Michael Brown , vice president of product strategy for CSI Regulatory Compliance shares the four main challenges.

CSI is a proud member of the MSBA.Read More

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