FinCEN released a series of advisories about financial crimes related to the COVID-19 pandemic. Money services businesses (MSBs) are especially vulnerable to financial crime during this uncertain time. The purpose of the series of advisories is to reinforce that: “Detecting, preventing, and reporting COVID-19 related scams and illicit activity is critical to our national security, […]
Financial Crimes Enforcement Network (FinCEN) released a notice on May 18, 2020 in response to reporting requirements as they relate to COVID-19. The COVID-19 pandemic has left many of us vulnerable. It is important now more than ever to report suspicious activity to combat financial crimes. BSA REPORTING OBLIGATIONS FinCEN expects financial institutions to adhere to […]
Get more flexibility with your employee training program through the On POinT Training Center mobile app. Available through the Apple App Store and Google Play, the Go.Learn app connects directly to the On POinT Training Center. The convenience of the app on your mobile device will allow your employees to complete training courses from anywhere. […]
By now, everyone in the financial services industry should be familiar with what an Anti-Money Laundering (AML) Compliance Program is and its purpose. There is one very important aspect of an AML compliance program that is often overlooked, which is implementing an ongoing training program for any and all employees conducting money service transactions in […]
Cybersecurity is something that affects businesses of all sizes. These are some basic steps you can take to ensure that your business does not fall victim to cyber threats. In 2019, there was an increase of 17% for Data Breaches according to James E. Lee, COO of the Identity Theft Resource Center. While most people […]
