Banks and Credit Unions
Key US AML Regulation Changes for 2025: 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...
How to identifying and investigate Financial Crimes Red flags
The US regulations include, but are limited to OFAC, and FINCEN Especially in a financial services industry where crime is rampant due to AML-related activities. We will explore the recent changes, and red flags and discuss the background for those who are not familiar with the topic. Identifying red flags should be part of everyone’s education. Especially in a financial services industry where cr..
GAAP—Update on new Accounting Principles and How They Impact Your Borrowers’ Financials
This session will explain these new concepts and how they affect borrowers and how lenders should incorporate these changes into their own analyses and underwriting of borrowers. Background of FASB and IASB accounting convergence- Close, but no cigar- Differences still existRevenue recognition - Seller recognizes revenue when the buyer gets possession of a good or service - Generally sooner ..
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..
ABC’s of Completing the Annual ACH Rules Compliance Audit
The Nacha Operating Rules and Guidelines require that all participating depository financial institutions (ODFI & RDFI), Third Party Senders (TPS), and Third-Party Service Providers (TPSP) that provide ACH services to the RDFI or ODFI, conduct an annual ACH audit by December 31 of each year (Nacha Operating Rules, Article 1). There are changes each year in the Nacha Operating Rules that affect your annu..
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..
Bank Enforcement Actions 2024: What Happened And What Can We Learn?
We will go through the different banking regulators and discuss recent enforcement actions. The goal of this training is to take away the lessons learned by prior enforcement actions, implementing changes within your compliance framework, continue with your risk mitigation efforts and manage your reputational risk when similar issues arise.Areas Covered Overview of the current regulatory environmentEn..
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..
CFO Solutions to IRS Problems
Many CPAs are becoming full-time or fractional CFOs for small businesses. In that position, they are the resident expert in finances, cash flow planning, and budgeting. But what about dealing with the IRS? The IRS has broad powers to administer the assessment and collection of taxes. From removing penalties to criminal prosecutions, this presentation focuses on how CFOs can prevent problems with the IRS and..
Conducting the ACH Risk Assessment and Developing an Effective Risk Management Program
This webinar will identify the areas of ACH Risk that ODFI's and RDFI's are exposed to when originating, receiving, or processing ACH transactions. ACH Risk awareness and responsibility still falls on the ODFI even when outsourcing these activities to a third party. Discussion on ODFI Risk Management Requirements from the NACHA Operating Rules Book (Articles 1 and 2) such as due diligence, exposure limits, ..
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..
Deep Dive into Financial Ratios
During many years of evaluating companies there are many things that you find are not as they seem after breaking down a balance sheet, income statement or statement of cash flows. If you do not have the skills to properly analyze the companies’ financial statements, you could end up losing a large customer to bankruptcy or granting a loan and the company defaults on it. In the webinar you will learn how re..