Neach Payments Group - Risk


FinCEN Proposes Sweeping Changes to AML Program Requirements

6/28/2024 -

FinCEN's latest proposal could revolutionize anti-money laundering programs for financial institutions. With a shift towards risk-based approaches and effectiveness over technical compliance, banks, credit unions, and payment vendors face significant changes. From mandatory risk assessments to enhanced training requirements, this article breaks down the key proposals and their potential impacts. Discover how these changes could reshape your AML strategy and what steps you should take to prepare for this regulatory evolution.

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Fortify Your Defenses: Nacha Unveils Free Cybersecurity Resources

6/11/2024 -

In the face of escalating cyber threats, Nacha's Cybersecurity & Payments AI Project Team has unveiled two free resources to help organizations fortify their defenses. Read on to learn about the invaluable Security Incident Response Procedure Guide and Tabletop Exercise for Cyberattack Preparedness. 

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Treasury Seeks Public Input on AI in Financial Services

6/10/2024 -

The Treasury Department wants to hear from you on the use of AI in banking and financial services. This RFI is a major opportunity to shape regulations and policies around responsible AI innovation. Read our latest article to learn why you should submit comments and how to make your voice heard.

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