2014 Challenging Trends to Watch

Renewed Regulatory Focus

1. Failure by institutions to commit adequate resources to BSA/AML compliance programs, due to either cost-cutting measures or a failure to keep pace with an institution’s growth.

2. Risks posed by high-risk international financial activities, such as foreign correspondent banking, cross-border funds transfers, remote deposit capture, etc.

3. Failure by institutions to manage and supervise third-party service providers and payment processors.

4. Rapid growth of new technologies, such as mobile banking, prepaid cards, and internet cloud-based payment processors.

A Broadleaf Group Banking Consultant can help you stay on top of these issues and provide an no-cost assessment of your monitoring process. Call 1-866-837-4103 or fill out the form in the right sidebar to get started.

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