CECL Presentation Transactions 
Abrigo
JUNE 27, 2024
How does your AML program detect structured cash transactions? Takeaway 2 Put yourself in the customer’s shoes to identify why they might be performing transactions in a manner that reflects potential structuring. Following the passage of BSA, bad actors began structuring cash transactions to avoid the required reporting.
Abrigo
NOVEMBER 13, 2023
Instead of performing a covenant test as part of an annual review, keep this process separate. Underwriting financial transactions involves a level of detail that does not belong in your annual review process. Evaluation of the history of the transaction(s) since the last review. Profitability analysis.
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Abrigo
AUGUST 5, 2024
When a check is presented for payment, a visual inspection can often reveal suspicious checks before your financial institution incurs a loss. This minimizes fraud risk and helps maintain the integrity of financial transactions. Alterations : Alterations are a common tactic in check fraud.
Abrigo
AUGUST 19, 2024
Takeaway 3 BSA compliance officers should present clear requests to their boards, outlining their needs and providing examples of the penalties that they face if they do not meet the FFIEC standard. These penalties can accumulate daily and per transaction, resulting in significant financial and reputational damage.
Abrigo
MARCH 13, 2024
While no potential CRE “disaster” is comparable to the COVID pandemic in terms of the human impact, it is still a clear and present danger to our banking system and the economy. The latter indicates a collection posture that seeks to get repaid via the strategy that provides the best resolution on a net present value basis.
Abrigo
JUNE 4, 2024
Leveraging data to understand customer behaviors, like transaction patterns, provides early warning signs of potential issues and helps us retain customers more effectively." This opening panel session of ThinkBIG 2024 was just one of many presentations from over 90 speakers this week. Learn more at abrigo.com/thinkbig.
Abrigo
OCTOBER 20, 2020
The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. It was a really important presentation to see what his forecasting was for CRE, and to better understand what’s going on across the country,” said Hatfield.
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