Control Tv

Anti-Harassment - ControlTv #16

 

Episode #16 - February 12, 2010

Episode length: 17 minutes, 24 seconds

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Intro:

• Find your hosts on Twitter: @jimkisch , @sonyajmills and @mickgoldwasser

Have Questions?

• www.continuity.net - Join Control and ask your banking peers
• Ask the Expert forums (on Control):
  • Andy Greenawalt [Information security]
  • Jim Kisch [Compliance and Risk Management]
  • Sonya Mills [Social Media Best Practices]
  • Jesse Torres [Social Media Best Practices]
  • Karen Licker [Social Media Best Practices]
• LinkedIn: Compliance Support Group
• Twitter: @CE_Control and/or #ControlTv

Question of the Week:

• A banker was, "Wondering if anyone was running the Sheshunoff Platinum Overdraft program in a virtual environment. Sheshunoff has indicated that there are some banks running VM, but has not certified their programs to run in that environment yet."
• If you've got an answer, please login to Control and share your experience.

Industry News:

• Federal Reserve consumer credit report shows that December was the 11th consecutive month where consumers are using less credit.
• Electronic Payment Order (EPO), speculation on where Check21 is going: writing checks on your smartphone [page 8 of the Feb 2010 pdf of Digital Transactions magazine]
• President's Advisory Council on Financial Capability Will a two year Council make a dent in America's financial literacy problems?
• Western Union settles money laundering dispute with $94 million
• More evidence of the rising "Compliance Tax" over $100 billion annually will be spent by top 100 financial institutions on risk & comlpiance.

Compliance Challenge:

• Anti-Harassment: Ensuring a work environment that is not hostile
• Making sure that policy is read & understood annually by all employees
• IT department must also prevent internet access to offensive material
• Anti-Harassment ActionPack

FreePolicyTuesday:

Completely free on www.continuity.net for 1 week, after which, it's available only to registered users of Continuity Control.

• Customer Identification Program (CIP) policy
a component of your BSA program
• Please send your requests and/or your policies to share to policies@continuity.net. If we select your policy to share on Control's Free Policy Tuesday, we'll send you a Continuity Engine mug as a token of gratitude.

Closing Comments:

• Please ask questions and/or let us know if there are any policies or compliance challenges you'd like to see us tackle. Many ways to contact us are found in the Have Questions? section above. -  If we feature your question or comment, we'll send you a Control mug.
  
• That's a wrap folks. Remember, we're Continuity and we're here to help!

Bank Secrecy Act Risk Assessment - ControlTv #15

 

Episode #15 February 5, 2010

Episode length: 17 minutes, 56 seconds

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Intro:

• Find your hosts on Twitter: @jimkisch , @sonyajmills and @mickgoldwasser

Have Questions?

• www.continuity.net - Join Control and ask your banking peers
• Ask the Expert forums (on Control):
  • Andy Greenawalt [Information security]
  • Jim Kisch [Compliance and Risk Management]
  • Sonya Mills [Social Media Best Practices]
  • Jesse Torres [Social Media Best Practices]
  • Karen Licker [Social Media Best Practices]
• LinkedIn: Compliance Support Group
• Twitter: @CE_Control and/or #ControlTv

Question of the Week:

• A banker on Twitter asked this week: Looking for a good sample of guidelines/policy for evaluating and implementing outbound links to third-party websites, could include from main site or social spaces? Any suggestions?
• Jim is crafting a Weblinking policy for this week's FreePolicyTuesday. If you've got a policy you'd like to share, please send it to policies@continuity.net and we'll send you a Continuity Engine mug as a token of gratitude.

Industry News:

• Survey finds only 33% of Americans trust banks.
• Mobile giving outpaces mobile payments.
• Blippy: following the Twitter model - sharing users credit card transactions.
• Google phasing out support for IE6 due to vulnerabilities (most recently exploited in a series of Chinese-based attacks on Google and other tech companies.)
• Latest fraud scheme: Mystery Shoopers, exploiting trust in consumers

Compliance Challenge: BSA Risk Assessment Program

• Locations - how many SARS filed at each location?
• Products & Services - evaluate volumes, amount of cash, cross border payments, etc. in products & services outside the traditional financial services offerings (such as stored value cards, payroll cards, etc.)
• Training - ATTUS Technologies is offering a free "Building an Effective BSA/AML Program: Assessing Your Institution's Risk" webinar on 2/18/10 from 3-4 ET
• As always, there's and ActionPack for that! ATTUS Technologies BSA ActionPack

FreePolicyTuesday:

Completely free on www.continuity.net for 1 week, after which, it's available only to registered users of Continuity Control.

• Look for the new WebLinking policy on Tuesday February 9, 2010
• Please send your requests and/or your policies to share to policies@continuity.net. If we select your policy to share on Control's Free Policy Tuesday, we'll send you a Continuity Engine mug as a token of gratitude.

Closing Comments:

• Please ask questions and/or let us know if there are any policies or compliance challenges you'd like to see us tackle. Many ways to contact us are found in the Have Questions? section above. -  If we feature your question or comment, we'll send you a Control mug.
  
• That's a wrap folks. Remember, we're Continuity and we're here to help!

Financial Institution Strategic Planning - ControlTv #14

 

Episode #14 - January 29, 2010

Episode length: 14 minutes, 21 seconds

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Intro:

• Find your hosts on Twitter: @jimkisch , @sonyajmills and @mickgoldwasser

Have Questions?

• www.continuity.net - Join Control and ask your banking peers
• Ask the Expert forums (on Control):
  • Andy Greenawalt [Information security]
  • Jim Kisch [Compliance and Risk Management]
  • Sonya Mills [Social Media Best Practices]
  • Jesse Torres [Social Media Best Practices]
  • Karen Licker [Social Media Best Practices]
• LinkedIn: Compliance Support Group
• Twitter: @CE_Control and/or #ControlTv

Question of the Week:

• Does anyone participate in the BIC Borrower in Custody Collateral Program with the Federal Reserve Bank of Philadelphia? If so, how do you provide them with your monthly report? 
• If you've got an answer, please chime in. We've cross posted this to LinkedIn Compliance Support Group and Control

Industry News:

• Geithner under bi-partisan fire for role in AIG bailout
• Bernanke wins 2nd term as Fed Chairman with 14 votes less than any preceding Fed chairman
• Obama's plan to direct 30B in TARP funds to community banks for small business loans
• ABA name used in phishing malware spam
• Red Flags Compliance: 3 Common Deficiencies found by Jeff Kopchik, FDIC

Compliance Challenge:

• Strategic Planning
• Who schedules? When?
  
• Location?
• Who attends? No interruptions or distractions.
  
• Strategic Planning ActionPack
  

FreePolicyTuesday:

Completely free on www.continuity.net for 1 week, after which, it's available only to registered users of Continuity Control.

• Strategic Planning
• Please send your requests and/or your policies to share to policies@continuity.net. If we select your policy to share on Control's Free Policy Tuesday, we'll send you a Continuity Engine mug as a token of gratitude.

Closing Comments:

• Please ask questions and/or let us know if there are any policies or compliance challenges you'd like to see us tackle. Many ways to contact us are found in the Have Questions? section above. -  If we feature your question or comment, we'll send you a Control mug.
  
• That's a wrap folks. Remember, we're Continuity and we're here to help!

BSA Wire Transfer - ControlTv Episode 13

 

Episode #13 - January 22, 2010

Episode length: 11 minutes, 28 seconds

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Subscribe to ControlTv on iTunes

Intro:

• Find your hosts on Twitter: @jimkisch , @sonyajmills and @mickgoldwasser

Have Questions?

• www.continuity.net - Join Control and ask your banking peers
• Ask the Expert forums (on Control):
  • Andy Greenawalt [Information security]
  • Jim Kisch [Compliance and Risk Management]
  • Sonya Mills [Social Media Best Practices]
  • Jesse Torres [Social Media Best Practices]
  • Karen Licker [Social Media Best Practices]
• LinkedIn: Compliance Support Group
• Twitter: @CE_Control and/or #ControlTv

Question of the Week:

This question came in from the Compliance Support Group

• What do folks use to assess the compliance cost to your institutions? I was having a discussion with Rob Strand, an economist at the ABA, who'd developed a cool tool for assessing the total cost [of banking compliance] . Has anyone used it, or are there others like it?

Please stop by the Compliance Support group and share your experience calculating the cost of compliance for your financial institution.

Industry News:

• Haiti Red Cross texting donations soar past 20 million. Cell phone service providers waive texting fees & send funds ahead of receipt.
• Obama's announcement : lend rather than paying bonuses
• New CC & Overdraft fees see FIs searching for ways to make-up lost income. Operational efficiency comes into focus. Of interest: CU ChatUp radio show discussed new Overdraft protection regulations

Compliance Challenge:

• Bank Secrecy Act Wire Transfer
• what types of suspicious activity need to be identified when doing wire transfers

FreePolicyTuesday:

Completely free on www.continuity.net for 1 week, after which, it's available only to registered users of Continuity Control.

• Bank Secrecy Act Wire Transfer policy
• Please send your requests and/or your policies to share to policies@continuity.net. If we select your policy to share on Control's Free Policy Tuesday, we'll send you a Continuity Engine mug as a token of gratitude.

Closing Comments:

• Look for more announcements of ActionPack Alliance partners coming in the near future!
• Please ask questions and/or let us know if there are any policies or compliance challenges you'd like to see us tackle. Many ways to contact us are found in the Have Questions? section above. -  If we feature your question or comment, we'll send you a Control mug.
  
• That's a wrap folks. Remember, we're Continuity Engine and we're here to help!