News Updates
Compliance Corner – Suspicious Activity Reports (SAR)
Author: Beth Seals On an annual basis the Financial Crimes Enforcement Network (FinCEN) publishes SAR statistics from the prior year. [1] The report is in excel and can be downloaded for review. There are nine tabs with specific information on each tab. The first tab is the number of SARs filed by month and year ...
Selecting the Right Credit Card Program for Your Bank
Oct. 10, 2025 Is it time to evaluate your bank’s credit card program? If you have been considering adding or re-evaluating a bank credit card program, you may be researching the type of program that will best fit your bank’s strategic goals — a bank-owned program or an agent model. Both options provide advantages depending ...
Compliance Corner: Compliance Regulation Reminders for 2025
FDIC Logo Federal Deposit Insurance Corporation (FDIC) adopted a final rule to amend Part 328, which governs the FDIC logo. The amended rule has modernized the sign for digital channels. The new digital sign must be on bank websites, mobile apps, and ATMs. The rule requires banks to place the new digital sign “clearly and ...
Compliance Corner: OFAC Clearing
Much of Compliance involves navigating rules while still serving your customers in a beneficial and efficient manner. When it comes to OFAC, there’s not much room for error. Missteps can have serious consequences. As of 10/17/2024 there have been five civil money penalties totaling $32,590,943.00¹. When we have a new system or are trying something ...
Compliance Corner – Disaster Related Scams
At the time I am writing this Milton is a Category 5 hurricane and is moving towards Florida’s Tampa Bay area. Most of Kansas would say our period for disaster would be in the spring with tornadoes, but how many of you remember the ice storm in December of 2007? There were power outages across ...