• Agencies Release Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual

    Updated: 2010-04-30 07:35:36
    The Federal Financial Institutions Examination Council (FFIEC) today released the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.

  • Bank Secrecy Act: FinCEN Needs to Further Develop Its Form Revision Process For Suspicious Activity Reports

    Updated: 2010-04-30 07:35:36
    GAO testimony on the work that FinCEN is doing to implement a new process to revise SARs and other Bank Secrecy Act forms. Description: Bank Secrecy Act: FinCEN Needs to Further Develop Its Form Revision Process For Suspicious Activity Reports

  • Anti Money Laundering: Better Communication Could Enhance the Support FinCEN Provides to Law Enforcement

    Updated: 2010-04-30 07:35:36
    In December 2009, GAO reported that the majority of 25 LEAs GAO surveyed found FinCEN's support useful in their efforts to investigate and prosecute financial crimes, but FinCEN could enhance its support by better informing LEAs about its services and products and actively soliciting their input.

  • FinCEN Warns Lenders to Guard Against Home Equity Conversion Mortgage Fraud Schemes New Guidance Assists Financial Institutions

    Updated: 2010-04-30 07:35:36
    The Financial Crimes Enforcement Network (FinCEN) today released new guidance, Advisory to Financial Institutions on Filing Suspicious Activity Reports Regarding Home Equity Conversion Mortgage Fraud Schemes, to assist financial institutions in guarding against fraud schemes perpetrated against senior citizens who use the Federal Housing Administration's (FHA's) Home Equity Conversion Mortgage (HECM) program, a form of reverse mortgage.

  • Inside the TJX/Heartland Investigations

    Updated: 2010-04-30 07:35:36
    BankInfoSecurity.com Information Security News , Regulations , Education Bank Information Security Podcasts Credit Eligible As a BankInfoSecurity.com annual member , this content can be used toward your membership credits and transcript tracking . Click For More Info Inside the TJX Heartland Investigations April 29, 2010 Interview with Kim Peretti , Former Federal Prosecutor With the recent sentencing of the last of Albert Gonzalez' co-conspirators in the TJX and Heartland data breaches , a long , hard criminal investigation comes to a close . In an exclusive interview , Kim Peretti , former senior counsel with the Department of Justice , offers an inside look at these investigations , detailing : How the investigations unfolded from beginning to end The significance of the conspirators'

  • "Fraud & Stupidity Look a Lot Alike"

    Updated: 2010-04-30 07:35:36
    BankInfoSecurity.com Information Security News , Regulations , Education Bank Information Security Podcasts Credit Eligible As a BankInfoSecurity.com annual member , this content can be used toward your membership credits and transcript tracking . Click For More Info Fraud Stupidity Look a Lot Alike April 27, 2010 Interview with Allan Bachman of the Association of Certified Fraud Examiners The magnitude of fraud schemes has grown the scale and the losses . But the basics of fraud investigation remain sound . And if there's one thing people should know up front , says Allan Bachman of the Association of Certified Fraud Examiners ACFE it's this : In their initial stages , fraud and stupidity look an awful lot alike . In other words , an investigator who stumbles upon what appears to be just

  • BankInfoSecurity.Com Week in Review: April 24, 2010

    Updated: 2010-04-30 07:35:36
    A review of the top news items you should be paying attention to this week, including: $500 million money laundering bust; Reg E reform discussed in D.C.; Cyber crime threats. Be sure to listen to this overview, and check out all of the week's news and views on BankInfoSecurity.com

  • FFIEC Issues Revised BSA/AML Exam Manual

    Updated: 2010-04-30 07:35:36
    First Update Since 2007; Compliance Program Structures Re-WorkedThe Federal Financial Institutions Examination Council (FFIEC) has released a revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual, including updates to several sections.

  • Ex-Bank Employee Charged with Fraud, ID Theft

    Updated: 2010-04-30 07:35:36
    Alabama Man Said to Have Stolen Customer's ID, FundsIn a case of insider fraud, former Regions Bank employee was indicted in Birmingham, AL this week.

  • Building an Online Reputation

    Updated: 2010-04-30 07:35:36
    It Isn't Just Who You Know, But How You NetworkMany information security practitioners - beginners, journeymen and leaders alike - now take time to carefully cultivate their online reputations.

  • Want to know the latest on SEPA?

    Updated: 2010-04-30 06:12:00

  • Australia’s foreign investment regulator OKs Shell, PetroChina’s bid for Arrow Energy

    Updated: 2010-04-30 06:07:10
    Arrow Energy: Australia OKs Shell SYDNEY — Australia’s foreign investment regulator has approved Royal Dutch Shell and PetroChina’s joint $3.2 billion takeover bid for Arrow Energy Ltd., the Australian coal seam gas producer said Friday. Australia has been ramping up major natural gas projects as demand for a less polluting fuel than coal has skyrocketed from other .... Original article on Gaea Times at   Australia’s foreign investment regulator OKs Shell, PetroChina’s bid for Arrow Energy.

  • Japan’s central bank keeps key interest rate unchanged at 0.1 percent

    Updated: 2010-04-30 06:00:05
    Japan’s central bank holds interest rates steady TOKYO — Japan’s central bank kept its key interest rate near zero Friday and said it would redouble efforts to boost the world’s No. 2 economy. As widely expected, the Bank of Japan’s policy board voted unanimously to leave its overnight call rate target at a super-low 0.1 percent. The ... Read this article on Gaea Times at : Japan’s central bank keeps key interest rate unchanged at 0.1 percent.

  • Things worth reading: 30th April 2010

    Updated: 2010-04-30 05:59:12

  • AP source: Goldman Sachs under criminal investigation by the US attorney’s office in Manhattan

    Updated: 2010-04-30 02:55:33
    AP source: Criminal probe of Goldman under way WASHINGTON — The U.S. attorney’s office in Manhattan is conducting a criminal investigation of Goldman Sachs over mortgage securities deals the big Wall Street firm arranged, a knowledgeable person said Thursday. The person said the probe stems from a criminal referral by the Securities and Exchange Commission. The source .... Read the original article   AP source: Goldman Sachs under criminal investigation by the US attorney’s office in Manhattan.

  • Why the Financial Reform Bill is Better Than Nothing (But Not by Much)

    Updated: 2010-04-29 23:28:57
    Financial reform legislation in Congress amounts to a missed opportunity to significantly improve our financial system

  • Summary Box: Rates lower in bond market as Europe concerns offset positive economic signs

    Updated: 2010-04-29 23:28:54
    Summary Box: Bond prices edge higher on Europe MIXED NEWS: The Treasury market traded in a narrow range Thursday as investors balance European debt concerns with signs of an improving U.S. economy. REPORTS: Stock prices rose after a report on jobs and strong earnings showed the economy is continuing to get better. But investors are still cautious ... Read more .

  • Homebuyers rush to qualify for tax credits before they expire; frenzy lifts the housing market

    Updated: 2010-04-29 23:28:54
    more images more images Homebuyers rush to take advantage of tax credits Real estate agents are working seven days a week, builders are staying open late and homebuyers are scrambling to get their offers in as they rush to take advantage of tax credits that expire at midnight Friday. To qualify, buyers must have a signed contract in hand .... Source   Gaea News Network.

  • Credit-rating agencies accused of conflict of interest in Europe’s debt crisis

    Updated: 2010-04-29 23:28:53
    Credit-rating agencies under fire in Europe crisis NEW YORK — The downgrading of European debt is turning up the heat on the firms that issue the ratings. Some European officials are calling for curbs on rating agencies like Standard & Poor’s, Moody’s Corp. and Fitch Ratings. They argue that conflicts of interest and bad information make the .... Source   Credit-rating agencies accused of conflict of interest in Europe’s debt crisis.

  • Geithner, Paulson, Bear Stearns CEO Cayne to testify about ’shadow banking’ at meltdown probe

    Updated: 2010-04-29 23:28:52
    Geithner to testify before meltdown probe WASHINGTON — A panel investigating the roots of the financial crisis is calling Treasury Secretary Timothy Geithner to testify about financial companies that escaped regulation. The Financial Crisis Inquiry Commission will hear from Geithner at a hearing next Thursday about the so-called “shadow banking system,” the panel announced Thursday. Other witnesses .... Original article   Geithner, Paulson, Bear Stearns CEO Cayne to testify about ’shadow banking’ at meltdown probe.

  • Rates edge lower in bond market as European debt concerns offset positive signs on economy

    Updated: 2010-04-29 23:28:51
    Bond prices edge up on European debt woes CHARLOTTE, N.C. — The Treasury market traded in a narrow range Thursday as investors balance European debt concerns with signs of an improving U.S. economy. Stock prices rose after a report on jobs and strong earnings showed the economy is continuing to get better. The Dow Jones industrials is .... Source article on Gaea Times at   Rates edge lower in bond market as European debt concerns offset positive signs on economy.

  • Debt-strapped Greece vows deeper defense cuts

    Updated: 2010-04-29 23:28:50
    Greece vows deeper defense cuts ATHENS, Greece — Greece’s defense minister on Thursday promised “colossal” cuts in military operating costs to help the debt-ridden country emerge from its financial crisis and speed up plans to modernize the armed forces. Defense Minister Evangelos Venizelos Greece is aiming to slash operating costs by up to 25 percent in 2010 .... Original article   Debt-strapped Greece vows deeper defense cuts.

  • Obama picks Yellen for Fed vice chair, 2 others for Fed board vacancies

    Updated: 2010-04-29 23:28:49
    more images more images more images Obama selects Yellen as No. 2 at Federal Reserve WASHINGTON — Putting a bigger stamp on the Federal Reserve, President Barack Obama on Thursday chose Janet Yellen as vice chairwoman of the central bank and filled two other vacancies on the board, which has enormous power over Americans’ pocketbooks. The nominations are subject to ... Read : Obama picks Yellen for Fed vice chair, 2 others for Fed board vacancies.

  • European, US markets steady as Greek debt fears ease amid hopes of a bigger bailout

    Updated: 2010-04-29 23:28:49
    European, US stocks rise as Greek debt fears ease LONDON — European and U.S. stock markets rose Thursday as investors hoped for a quicker — and perhaps bigger — bailout for debt-ridden Greece and after a fairly upbeat assessment of the U.S. economy by the Federal Reserve. In Europe, the FTSE 100 index of leading British shares ... Original source on Gaea Times at : European, US markets steady as Greek debt fears ease amid hopes of a bigger bailout.

  • Commodities trade higher as risk appetite grows; Oil moves above $85

    Updated: 2010-04-29 23:05:51
    Commodities higher as buyers’ risk appetite grows NEW YORK — Most energy, metals and agricultural futures have closed higher as investors’ growing confidence about the economy made them more willing to buy riskier assets including commodities. Gold and copper futures were among the few commodities that fell Thursday. The day’s economic news was promising. The Labor Department said ... Read more »raquo;.

  • Union workers, community groups angry about jobs, bank bailout, march on Wall Street

    Updated: 2010-04-29 22:55:01
    Workers march on Wall Street, protest big banks NEW YORK — Thousands of workers and union leaders marched on Wall Street on Thursday to express their anger over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks. The rally was organized by the AFL-CIO and an association of community groups. It .... Original article   Union workers, community groups angry about jobs, bank bailout, march on Wall Street.

  • If the Democrats succeed in rewriting financial rules, what will change?

    Updated: 2010-04-29 22:04:40
    What will change if the financial overhaul passes? WASHINGTON — The Senate is weighing the most sweeping rewrite of financial rules since the Great Depression, landmark changes aimed at preventing a recurrence of the crisis that knocked the financial system to its knees two years ago. The House already has passed its version of the bill, which .... Source article   If the Democrats succeed in rewriting financial rules, what will change?.

  • Summary Box: Housing market gets lift from buyers rushing to qualify for tax credits

    Updated: 2010-04-29 22:02:24
    Summary Box: Homebuyers rush for tax credits MAD DASH: Homebuyers are scrambling to take advantage of tax credits that expire Friday. To qualify, buyers must have a signed contract in hand by the deadline and must complete the deal by June 30. ASSIST FROM UNCLE SAM: The government is offering buyers who haven’t owned a home for .... Original source   Summary Box: Housing market gets lift from buyers rushing to qualify for tax credits.

  • FDA denied Philip Morris USA request to remove tobacco-panel members over conflicts

    Updated: 2010-04-29 21:47:39
    FDA denied request to remove tobacco-panel members RICHMOND, Va. — Cigarette maker Philip Morris USA says the Food and Drug Administration denied its request to remove four members of its tobacco-products advisory panel that the company said had conflicts of interest. Altria Group Inc., Philip Morris’ parent company, said in its quarterly report filed Thursday that the ... Read : FDA denied Philip Morris USA request to remove tobacco-panel members over conflicts.

  • Hartford Financial’s first-quarter profit tops expectations, insurer raises full-year outlook

    Updated: 2010-04-29 21:46:29
    Hartford Financial posts 1Q profit, raises outlook NEW YORK — Hartford Financial Services Group Inc. on Thursday said it turned a profit in first quarter and raised its 2010 outlook as its property-casualty businesses improved. For the three months ended March 31, Hartford reported net income of $319 million, compared with a net loss of $1.2 billion ... Read more »raquo;.

  • Summary Box: Jobless claims fall to lowest level in a month

    Updated: 2010-04-29 21:06:48
    Summary Box: Jobless claims fall for second week CLAIMS DOWN: Applications for unemployment benefits dropped by 11,000 to 448,000 last week, the lowest level in four weeks. JOB MARKET: It was the second weekly drop and bolstered hopes that layoffs are starting to slow. Economists believe layoffs need to fall below 425,000 to signal sustained job market ... Read more .

  • Greece’s debt troubles send worries through global economy about contagion threats

    Updated: 2010-04-29 20:47:18
    more images more images more images more images Greek’s debt troubles raise contagion worries WASHINGTON — The Greek debt crisis sent a shudder through global financial markets and served as a dramatic reminder of how vulnerable the world economy remains to the threat of a fast-spreading financial panic. To many, market developments this week served as a spooky reminder of the ... Original article on : Greece’s debt troubles send worries through global economy about contagion threats.

  • EU assures negotiators are working “day and night” to rescue Greece, avoid wider troubles

    Updated: 2010-04-29 15:28:18
    EU official: Deal on Greece aid ready in few days BRUSSELS — European and German officials assured markets they were working quickly on approving a bailout for Greece as they try to keep the country’s debt crisis from dragging others into a continent-wide financial meltdown. European Union monetary affairs commissioner Olli Rehn said Thursday he was “confident ... Read more .

  • Who’s next? Greece debt crisis fuels worries of new global contagion

    Updated: 2010-04-29 15:28:17
    more images more images As Greece falters, fears stretch around world TOKYO — The debt troubles in Greece are intensifying and, even more dangerous, spreading fear across Europe and beyond. That is triggering talk of a potential global contagion, similar to what happened after the investment bank Lehman Brothers collapsed in 2008, setting off the worst financial crisis in .... Source article on Gaea Times at   Who’s next? Greece debt crisis fuels worries of new global contagion.

  • Joseph Stiglitz: Poster Boy

    Updated: 2010-04-29 15:28:16

  • What’s on a treasurer’s mind?

    Updated: 2010-04-29 15:28:14

  • Things worth reading: 29th April 2010

    Updated: 2010-04-29 15:28:13
    : : The Financial Services Club's Blog Your email : address Powered by FeedBlitz Subscribe to this blog's feed About Recent Posts Joseph Stiglitz : Poster Boy What’s on a treasurer’s mind Things worth reading : 29th April 2010 UK banks : over 1 trillion of maturing debt Things worth reading : 28th April 2010 Why identity management is so complicated Things worth reading : 27th April 2010 Spanish Banks leading in innovation now the iPad Bank UPDATE Things worth reading : 26th April 2010 The Finanser's Week : 19th April 25th April 2010 Recent Comments Chris Skinner on UK banks : over 1 trillion of maturing debt Peter on UK banks : over 1 trillion of maturing debt Pragmatist on UK banks : over 1 trillion of maturing debt Chris Skinner on UK banks : over 1 trillion of maturing debt Peter on UK

  • Why Goldman and Congress Aren't Speaking the Same Language

    Updated: 2010-04-29 01:36:01
    The Goldman Sachs hearing raises a key question: Is a bank that makes markets for other investors legally obliged to disclose what the company...

  • UK banks: over £1 trillion of maturing debt

    Updated: 2010-04-28 10:59:18

  • Things worth reading: 28th April 2010

    Updated: 2010-04-28 10:59:17

  • Wall Street Interruptus: Why "Resolution Authority" Won't Avert the Next Financial Bubble

    Updated: 2010-04-27 21:51:10
    Giving government regulators the power to shut big financial firms would do little to end the era of "too big to fail"

  • In Lashing Goldman, Lawmakers Should Also Turn the Whip on Themselves

    Updated: 2010-04-27 18:39:43
    Lawmakers are beating up on Wall Street. Great. But it's time our elected officials acknowledge their own role in causing the financial crisis

  • Improving Your Bank's Website By Adding Content Marketing

    Updated: 2010-04-27 18:39:34
    Home About Us Product News Contact Testimonials Blog About Follow us on Twitter Subscribe by Email Your : email Free Webinars Using Content Marketing to Generate Referrals from Your Website Register Now Using Content Marketing to Generate Referrals from Your Branches Register Now Banks Unlock Cross Selling Solution A new feature article reveals that several banks have made impressive headway including one that has increased referrals to its investment sales team by 15 to 20 for three straight . years Request a copy for download : Email Most Popular Posts Influential bank and credit union marketers of 2009 Creating a Service Oriented Sales Culture Examples of Content Marketing by banks and credit unions Brand Finance†s “Global Banking 500″ What is the true meaing of Cross-Sales Banks

  • Why identity management is so complicated

    Updated: 2010-04-27 10:39:19

  • Things worth reading: 27th April 2010

    Updated: 2010-04-27 10:39:18

  • Spanish Banks leading in innovation - now the iPad Bank (UPDATE)

    Updated: 2010-04-26 18:19:35

  • Things worth reading: 26th April 2010

    Updated: 2010-04-26 10:19:19

  • The Finanser's Week: 19th April - 25th April 2010

    Updated: 2010-04-25 09:59:09

  • Bad Credit: How S&P, Moody's and Fitch Helped Cause the Housing Bubble

    Updated: 2010-04-24 17:04:50
    The credit rating agencies played a central role in the housing bubble. Which is why it's scary that financial reform legislation is unlikely to do...

  • Your soul is mine

    Updated: 2010-04-23 17:18:45

  • Why Wall Street Still Isn't Scared of Obama

    Updated: 2010-04-23 14:39:26
    President Obama's address to Wall Street was long on tepid rhetoric and short on solutions that will end the era of "too big to fail"

  • Things worth reading: 23rd April 2010

    Updated: 2010-04-23 09:18:21

  • The Sophisticates: What Goldman Sachs, Bill Clinton and Alan Greenspan Have in Common

    Updated: 2010-04-22 21:25:32
    Goldman Sachs says "sophisticated investors" should've known the score regarding its Abacus CDO. There's just one problem -- such investors don't...

  • Why the G20 will disagree with the IMF reforms

    Updated: 2010-04-22 16:58:45

  • Things worth reading: 22nd April 2010

    Updated: 2010-04-22 08:58:23

  • Cover payments - a real pain?

    Updated: 2010-04-21 20:48:14

  • The real banking crisis ...

    Updated: 2010-04-21 16:38:39

  • Branches are dead, the future is social (Part Two)

    Updated: 2010-04-21 16:38:38

  • The Goldman Defense: ACA Capital, Not Paulson, Structured Abacus CDO

    Updated: 2010-04-20 20:28:15
    A key question in the SEC's lawsuit against Goldman Sachs is whether the bank told investors that hedge fund manager John Paulson was "long" on its...

  • Pest Control: Why the Feds Won't Stamp Out CDO Termites

    Updated: 2010-04-20 04:08:45
    Does the SEC have the guts to pursue its case against Goldman Sachs to the center of Wall Street's wormy heart? Not likely

  • Assessing the Middle Class

    Updated: 2010-04-19 03:36:30
    While the economy is seeing some progress towards recovery, average Americans continue to be affected by the recession last year. In general, living standards have dropped to below the thresholds that exemplify middle-class lifestyle. Among the different metric used by economists include income, property value, home size, cars, medical expenses, college savings, vacation, and retirement [...]

  • Personal Finance Tips for Fresh Graduates

    Updated: 2010-04-19 03:36:29
    Fresh graduates will face one of the most competitive career landscapes in decades. While there is work to go around, the prospect of career growth, promotions, and salary increase seems dim in many industries. Some businesses are optimistic. However, for recent graduates, it is important to be on the safe side. Those who are new [...]

  • Can Foursquare be the saving grace for a banks fading branch traffic?

    Updated: 2010-04-14 01:13:09
    Home About Us Product News Contact Testimonials Blog About Follow us on Twitter Subscribe by Email Your : email Free Webinars Using Content Marketing to Generate Referrals from Your Website Register Now Using Content Marketing to Generate Referrals from Your Branches Register Now Banks Unlock Cross Selling Solution A new feature article reveals that several banks have made impressive headway including one that has increased referrals to its investment sales team by 15 to 20 for three straight . years Request a copy for download : Email Most Popular Posts Influential bank and credit union marketers of 2009 Creating a Service Oriented Sales Culture Examples of Content Marketing by banks and credit unions Brand Finance†s “Global Banking 500″ What is the true meaing of Cross-Sales Branch

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