Fourth Quarter Compliance Forum - Central & Zoom
Fourth Quarter Compliance Forum Meeting - Richmond/Zoom
Event Details
Bank Secrecy Act, Anti-Money Laundering and Counter Financing of Terrorism
- Preparing for 2025 Priorities
- Financial Crime Trends
- Exam Priorities
- Recent Enforcement Actions
- Formal Agreement with Axiom Bank, N.A., Maitland, Florida, for unsafe or unsound practices, including those related to the bank’s BSA/AML compliance program and violations of BSA/AML internal controls and BSA officer. October 2024
- C&D and CMP against TD Bank, N.A., Wilmington, Delaware, and TD Bank USA, N.A., Wilmington, Delaware, for deficiencies in the banks’ BSA/AML compliance program. The assessed CMP is $450 million. October 2024
- C&D against Clear Fork Bank, N.A., Albany, Texas, for violations of law and unsafe or unsound practices related to the BSA/AML. The bank failed to correct previously reported BSA problems. November 2024
- FinCEN Releases
- FIN-2024-Alert003, October 23, 2024, FinCEN Alert to Financial Institutions to Counter Financing of Hizballah and its Terrorist Activities
- FIN-2024-Alert004, November 13, 2024, FinCEN Alert on Fraud Schemes Involving Deepfake Media Targeting Financial Institutions.
Payments Update
- Payment Processing Ecosystem
- P2P and B2B Systems
- FinTech Payments and Partnerships
- FinTech Guidance from Regulators
- Debit Cards and Credit Cards
- Wires, ACH, Checks and Other Payments
- Payments Fraud Trends
- CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Failures (October 2024)
Regulatory Updates
- CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking” (11/2024)
- CFPB Report Details Student Borrower Harms from Servicing Failures and Program Disruptions (11/2024)
- CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated (11/2024)
- CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws
- CFPB Orders Navy Federal Credit Union to Pay More Than $95 Million for Illegal Surprise Overdraft Fees (11/2024)
- CFPB Takes Action to Address Townstone Financial’s Unlawful Redlining (11/2024)
- CFPB Orders VyStar Credit Union to Pay $1.5 Million for Illegally Stranding Consumers from Accessing Their Money and Accounts (10/2024)
- CFPB Takes Action to Curb Unchecked Worker Surveillance
- FRB Consumer Compliance Outlook, Third Edition 2024
- CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services (October 2024)
- FDIC extending the compliance date for the new FDIC signage and advertising rule from January 1, 2025, to May 1, 2025 for a portion of the final rule designed to modernize the rules governing use of the official FDIC signs and advertising statements – Part 328, subpart A.
- Regulatory Compliance Threshold Updates for 2025
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About Our Presenter
Patti Joyner is a dynamic speaker and leader with strong, intuitive management skills, and a deep conviction that "excellence is not optional." She has extensive experience in working with financial institutions, bank data processors and governmental agencies. Patti has more that 40 years of experience in the financial industry as an entrepreneur and financial institution executive. She is a certified CPA, skilled regulatory compliance consultant, bank operations specialist, system automation designer and an enthusiastic regulatory compliance instructor who believes in providing real-world solutions ready for immediate implementation.