$299.00
- Format:Webinar
- Education Type:BCU Webinars
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
Description
There has been a trend for the demise of de-risking groups of accountholders, and the first step has been the end of “reputational risk”, which has been used by examiners to criticize financial institutions for banking particular accountholders. Yet there are still times that accounts should be closed because of fraud or money laundering, and services de-marketed to bad actors. Learn what these terms mean, where they come from, and how to navigate these challenges. Plus, a new proposed rule ending “reputation risk”. Learn what it all means to you!
Join this timely webinar to learn about the new executive order’s impact on your financial institution.
What You'll Learn
- Understand what debanking means in the new executive order
- Discuss what caused the end to reputational risk
- Review de-risking and understand its definition from the AML Act
- Glean through closed accounts to look for compliance risk
- Differentiate between when de-marketing is required as opposed to debanking
- Develop policies and procedures to filter out account closures or restrictions based on political concerns
