On December 30, the federal Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2016-47, Revised Comptroller’s Handbook Booklet and Rescissions. The handbook is the official field guide for federal bank...
Archive - February 2017
Customer Loyalty Through Better Security — and How to Achieve It
Customer loyalty programs are among the basic building blocks of successful consumer products and services companies today. These programs are not only competitive differentiators, but also key drivers of revenue and...
A New and Better AML Regime?
On February 16, 2017, The Clearing House (a banking association and payments company that is owned by twenty-five of the largest commercial banks) released a report entitled A New Paradigm: Redesigning the U.S. AML/CFT...
Regulatory Activity Unabated Despite Uncertain Regulatory Outlook
A month into the new U.S. administration, it’s clear that the political landscape is shifting. The administration has issued executive orders calling for a review of existing laws and regulations based on how they...
Cybercrime, Brand Damage Among Top Risks for Technology, Media and Communications Companies, Executives Say
If improving brand protection isn’t a top-line agenda item in the cybersecurity discussions happening at the highest levels in your organization, it needs to be. In today’s era of lightning-quick social media sharing...
Anticipating the Fifth EU AML Directive: What Financial Institutions Need to Know
Money laundering regulations are proving to be as complicated as the shadowy financial transactions they are trying to prevent. A case in point: The Fourth European Union Anti-Money Laundering Directive (4AMLD)...
Doubling Down on AML: Higher Stakes for Casino Compliance
Despite recent improvements in the gaming industry’s efforts to combat money laundering, enforcement actions by U.S. and foreign regulators have put casino operators on notice that their anti-money laundering (AML)...
“Stay Nimble”: The Mantra for Manufacturing and Distribution Companies in 2017
For manufacturing and distribution (M&D) companies, which are already well-conditioned to operating in an uncertain global environment, 2017 promises to continue to keep them on their toes. At the very least, it is...
NIST Seeks Comments on Cybersecurity Framework Draft
Last month, the National Institute of Standards and Technology (NIST) published a discussion draft of revisions to the NIST Cybersecurity Framework (CSF Version 1.1). The draft, though still subject to change, provides...
Staying Agile a Top Concern for Technology, Media and Communications Companies in 2017
The phrase “innovate or die” has long been a mantra for businesses in the technology, media and communications (TMC) industry. As Satya Nadella wrote to employees on his first day as CEO of Microsoft, “Our industry does...