|
UNITED A.I. NETWORK®
Generating Income from AML Compliance
Awarded with 10 patents, this next-generation Artificial Intelligence solution has tremendously raised the AML standard by tracking illicit proceeds to recover financial losses and identifying money launderers, terrorists and financial criminals in advance.
Please watch the short video at https://www.ai-oasis.com/UnitedAINetwork. For a limited time, free trials are available for qualified financial institutions. Stop wasting time and money on obsolete tools. Connect your financial institution to the United A.I. Network today.
AI OASIS®
|
|
|
Interagency statement in wake of Hurricane Helene
The FDIC, Federal Reserve Board, NCUA, OCC, and state financial regulators have issued an interagency statement on supervisory practices regarding financial institutions affected by Hurricane Helene. The agencies recognize the serious impact of Hurricane Helene on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.
The statement addressed agency views on lending, temporary facilities, publishing requirements, regulatory reporting requirements, and potential CRA consideration for certain financial institutions' efforts.
For more information, refer to the Interagency Supervisory Examiner Guidance for Institutions Affected by a Major Disaster, linked HERE.
|
Exception Cost Calculator (Free Spreadsheet)
How Much Does Exception Tracking Cost Your Bank?
Download the free spreadsheet, enter the number of hours for each task, and see the results. Estimate your annual exception tracking cost.
— Alogent
|
|
FDIC: 2024 small business lending survey report
The FDIC has released the 2024 Small Business Lending Survey Report (SBLS). Conducted in 2022, the SBLS is a nationally representative sample of U.S. banks that offers important insights into their small business lending practices and how banks meet the credit needs of the nation's small businesses.
The SBLS gathered responses from over a quarter of the nation's banks on the way they approve and underwrite small business loans, their geographic markets and competition, their use of financial technology, and their lending to start-ups. Overall, the FDIC's survey found that while most banks are adopting new technologies, these innovations have not replaced the relationship-oriented and staff-intensive nature of small business lending that continues to be focused around local branch office locations.
|
Third quarter Call Report materials issued
The FDIC has issued FIL-71-2024 with materials pertaining to the Call Report for the September 30, 2024, report date and guidance on certain reporting issues. The FIL and accompanying Supplemental Instructions should be shared with the individual(s) responsible for preparing the Call Report at your institution. Completed Call Reports must be received by Wednesday, October 30, 2024.
|
Houthi weapons smuggling and procurement networks targeted
OFAC has designated one individual and three companies that have facilitated weapons procurement and smuggling operations for Ansarallah, commonly known as the Houthis. This action targets key procurement operatives and suppliers located in Iran and the People's Republic of China (PRC) that have enabled the Houthis to acquire dual-use materials and components needed to manufacture, maintain, and deploy an arsenal of advanced missiles and unmanned aerial vehicles (UAVs) against U.S. and allied interests.
Additionally, OFAC designated one entity and two vessels linked with illicit Houthi and Iranian commercial shipments, including one that has transported shipments for Houthi financial official Sa'id al-Jamal and an affiliate of Iran's Armed Forces General Staff.
For the names and identification information of the designated individuals, entities and vessels, see yesterday's BankersOnline OFAC Update.
|
MLA System Maintenance
Posted on the MLA website: Due to scheduled system maintenance, the MLA website will not be available from Saturday, October 5, 2024, at 6:00 P.M. PDT until Sunday, October 6 , 2024, at 1:00 A.M. PDT [9:00 P.M. EDT October 5 until 4:00 A.M. EDT October 6, 2024].
|
|
|
