Description
This recording is also available as part of our BUNDLE: Lessons Learned: Recent Lending and Deposit Enforcement Actions Webinar Recordings
* Please note that the recording links will be delivered to you via a downloadable document in your confirmation e-mail. The materials that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
WHAT?
Every month the federal financial institution regulatory agencies publish lists of enforcement actions taken against financial institutions. Enforcement actions can include civil monetary penalties, consent decrees and cease and desist orders, to name a few.
Every enforcement action tells a story of a failure to comply and the actions required to remedy the situation. Every enforcement action is a lesson to be learned by others financial institutions. The actions required to cure the problems in one institutions are the actions required in other institutions to avoid the same problem.
Rarely are the identified problems unique. The stories are repeated month in and month out. Don’t be the next institution to fall into the same trap. Become aware of the problem and then look around to determine if the same problem exists in your institution. If the problem is present self-detection and prompt corrective action generally results in less severe penalties. If the problem does not exist take a few simple steps (policies, procedures and training) to assure the problem doesn’t occur in your institution.
WHY?
This two-hour webinar recording is designed to make attendees aware of recent enforcement actions, the actions required in response to the action and the penalties or costs imposed with the hope that armed with such knowledge attendees can avoid similar problems.
TOPICS
Recent enforcement actions, common violations, and/or potential errors, related to:
- Electronic Funds Transfer
- Unfair, Deceptive, and Abusive Practices
- Bank Secrecy Act
- OFAC
- Marijuana-related business
WHO?
The recording is designed for Deposit Operations, Compliance Officers, Auditors, Management, and others with responsibilities related to opening, maintaining, and servicing deposit related accounts and products.
