While the exact requirements for financial institutions have not changed, Bank Secrecy Act Anti-Money Laundering (BSA/AML) compliance is once again in the spotlight. Intended to improve transparency in the exam…
Response and Recovery in Focus: 5 Ways to Enhance Your Banking Relationship
The coronavirus pandemic essentially served as a real-world stress test for organizations, and it remains an unpredictable force in our society. Leaders and executives are making significant decisions without reliable…
Provider Relief Fund Expenditures May Trigger Single Audit: Here’s How Healthcare Providers Can Prepare
Payments from the Provider Relief Fund (PRF), distributed at the federal and state level as part of the CARES Act, offered a much-needed financial boost to healthcare providers impacted by…
New Risk Management Model Reinforces Key Internal Control Principles: Does Your Organization’s Approach Stack Up?
A major update to a popular governance and risk management model provides organizations the chance to evaluate their internal controls and ensure alignment with best practices. On July 20, 2020,…
New Payday Loan Alternative Offers More Benefits for Credit Unions and their Members
Credit unions now have another option to offer members quick access to funds without the high interest rates, rollovers and balloon payments that accompany traditional payday lending options. In September…