Following the 2008 financial crisis, the Basel Committee of Banking Supervision (BCBS) set out to “strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector,” formulating rules of which the final phase went into effect in January.

Should a financial institution be held fully responsible for unknowingly supporting terrorist financing when their compliance program is up to date? The answer to this question, which was posted on a LinkedIn anti-money laundering blog, would seem obvious: a robust, proactive compliance program should serve as a shield against civil or criminal enforcement actions.

With the endless storm of data breaches, the concept of tokenization has taken the financial industry by storm.

Since the 2008 crisis, financial institutions have spent hundreds of millions of dollars on risk management.

We live in dangerous times, when it’s not uncommon for criminals to know more about the identity of a bank’s customers than the bank itself.

These days, it seems like the latest data breach is detailed in breaking headlines on a daily basis.

The Consumer Financial Protection Bureau’s (CFPB’s) new rules for overdrafts (ODs) on checking accounts are scheduled for July of this year.

In their continuing quest to reduce expenses in a sluggish economic environment, bankers often ignore routine monthly expenses, such as for utility services.

Opportunity for one doesn’t always mean opportunity for all, but unfortunately, it does in banking.

Overregulation is killing small banks; call it death by paperwork.

The deluge of news stories in recent years regarding stolen personal data and the increasing issue of identity theft highlights a problem that financial institutions cannot afford to ignore.

The heat is back on overdraft.

Banking and financial services organizations are built upon complex business rules that regulate many day-to-day interactions, from lending decisions to detecting fraudulent activity.

Business and management experts wrote nearly 30 years ago that one of the keys to a successful business is to break down the barriers between staff areas.

Credit card data breaches are much in the news these days, with the recent problems at Home Depot following on the heels of the well-publicized debacle at Target earlier this year.

Now that most of the largest U.

Global commerce is bringing down barriers around the world, including the barrier to bankers entering into International Trade Finance (ITF).

Effective scenario modeling is vitally important in today’s tentative economic recovery, as the level of uncertainty surrounding key business drivers is higher than ever before.

In the wake of highly publicized cyber-breaches, such as the data theft from 34 European banks in July, bank management may be more focused than ever on security threats from outside the bank.

At a time when financial institutions are focusing on the new dangers of mobile fraud, an old enemy keeps rearing its head: check fraud, as seen in the recent discovery of a three-year, $15 million check-kiting scheme.