Trey Sullivan

The U.S. Treasury and Financial Crimes Enforcement Network (FinCEN) are taking action to ease the Bank Secrecy Act (BSA)/anti-money laundering (AML) compliance burden on small financial institutions. This month's feature, Streamlining BSA/AML Compliance, gives you practical steps you can take now to streamline compliance — without waiting for Congress to act.

Also in this issue, a reader poses a tough question: How do you prepare for the possibility that a flu pandemic or similar catastrophe might strike your institution without advance notice? What's your best advice to prepare for staffing reductions?

Last month, a reader asked how to communicate about multifactor authentication to your employees and customers. Responses run the gamut from conducting in-house training to viewing the issue as a marketing opportunity, not just a compliance problem.

To keep this newsletter and our online community current, we encourage you to become involved. Send ideas for articles you’d like to see. Let us know how relevant our topics are to you — and your career. Take our brief reader survey, and you could win an Apple iPod™.

Information Security Solutions for Gramm-Leach-Bliley

USA PATRIOT Act
(Full Text PDF)

Financial institutions are required to develop comprehensive risk-based information security programs that include administrative, technical and physical safeguards which address and mitigate the various security risks. Designed in accordance with the interagency guidelines as well as related guidance issued by the FFIEC, this Webinar focuses on the required program components and the ongoing process of risk assessment and management.

Thursday, August 30, 2007 at 3:00 pm EDT

Altering bank life dramatically

The data in your computers is as important as the cash in your vaults

Security takes on a new role — as a marketing weapon

Enthusiastic, loyal employees perform at the top of their game

Expect new network rules to strengthen fines

Banks find an upfront risk analysis saves time, money