CoronaVirus & Cryptocurrency Payments
By: Julie on March 6, 2020
At this point we’ve all heard of the notorious CoronaVirus (COVID-19) and its rapid spread from country to country. As with any virus, there are various ways it can spread aside from actual human-to-human contact. USA Today reported that studies are now showing that payment systems and platforms including ATM’s, various payment tablets, and credit cards have a high potential… Read More
The Ultimate Regulatory Compliance Checklist – 2020
By: Julie on March 2, 2020
An essential part of maintaining your banking relationship is to amend your BSA/AML/OFAC Compliance Program as your business evolves. To help you stay on top of these changes, we have put together a list that will keep your policies and procedures up-to-date for 2020.  This comprehensive list was constructed by our team of CAMS professionals. They work closely with bank… Read More
NEW: Annual Training Subscription Program
By: Julie on February 18, 2020
The On POinT Training Center now offers a subscription program for businesses that allows you to efficiently maintain and oversee a multitude of compliance employee training responsibilities year-round. Our compliance experts have built a unique learning experience that combines customized features and benefits along with an already intuitive employee training platform. The On POinT Training Center provides an extensive collection… Read More
Financial Crime
By: Julie on August 14, 2018
The Owner and Compliance Officer of Kayla Companies, John Drago has been charged with eight indictments by the federal court in Central Islip of Long Island, NY for financial crime. Drago faces a maximum sentence of up to 10 years’ imprisonment. The majority of the charges were direct violations of the Bank Secrecy Act (BSA) that included failure to file… Read More
Gap Analysis
By: Julie on May 8, 2018
An important component of understanding your risk levels is identifying gaps, vulnerabilities and potential problems prior to a regulatory audit.   While there are many components to a Gap Analysis, the key benefits are: KEY BENEFITS OF A GAP ANALYSIS In-Depth Analysis Into the 4 pillars Eliminate Inefficiencies Streamline Compliance Processes Simplify Communication to Team Let’s explore the key benefits… Read More
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