System and organizational control, or SOC, reports may be an obscure concept to some, but chances are your vendors or customers may soon ask you for one (if they haven’t…
Is Your Financial Institution Ready for Its Next Regulatory Exam? Ask These 20 Questions to Boost Compliance
The COVID-19 pandemic caused an uptick in financial crimes, unemployment, economic distress, credit risk and operational challenges. Additionally, financial institutions are operating and interfacing with clients differently. These factors make…
Financial Institution Update: Recent Regulatory Focus Areas for Bank Secrecy Act Compliance
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…
