Each issue of The Compliance Advisor addresses major obstacles you face in your business life. We explore these challenges to deepen your understanding of the ever-changing world of banking compliance and provide tips on managing your career, information on criminal activity that could affect your institution and updates from the federal government.

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Enhanced level of interagency cooperation

FDIC Press Release

Association of Certified Anti-Money Laundering Specialists (ACAMS)

How do I keep in compliance when no one will cooperate?

As the compliance officer at a community bank ($500 million), I’m faced with a situation I’m sure many of your readers can identify with. While all the other managers at the bank are viewed as people who help the bank make money, the Executive Vice President I report to and the CEO of the institution act like I’m a drain on resources whenever I ask for funds for training or software upgrades.

I know these items are necessary for me to do my job and to help others at the bank combat fraud. But I have a hard time putting the reasons why into terms the executive staff will understand and accept.

If anyone out there can tell me how he/she has done it—and perhaps provide the information on the metrics they use to calculate return on investment—I’d really appreciate it. Thanks.

—Sharon T., Compliance Officer

Can You Help?

Gaining management buy-in to prevent money laundering

by Cynthia Ramsaran - Bank Systems and Technology
 

Tracking and sharing fraud data is the key

by Chris Costanzo and Chuck Ross - Banking Strategies
 

Building a thorough needs analysis for e-learning

13 deadly e-mail sins

by Mark Goldberg, Royal Alliance - Financial Advisor
 

Will it prevent fraud—or just spawn new schemes?

by Clint Swift and Karen Epper Hoffman - Banking Strategies
 

Going beyond compliance to innovation