New risk watch video analyzes merchants bank’s BSA/AML errors

FREDERICK, MD (April 21, 2017) — Merchants Bank of California was recently fined $7 million for willful BSA/AML violations. While you likely don’t plan on willfully violating any BSA/AML regulations, it can be insightful to look at what Merchants did wrong. A free online video in the Risk Watch series analyzes the errors, and shows you how you can avoid making similar mistakes. Watch it at

“The Risk Watch video series is just one of the ways our team of experts is helping financial institutions proactively address compliance challenges,” said Ken Wolff, CEO of AffirmX, which sponsors the series. ”We encourage credit unions of all sizes to take advantage of these educational resources and contact us to learn more about our solutions.”

AffirmX provides automated risk intelligence solutions that help financial services institutions reduce risk management workloads, anxieties and costs. The AffirmX Risk Intel Center delivers accurate risk intelligence based on expert review of internal and external data sources through a query-based workflow engine. AffirmX enables clients to spend less time searching for issues and more time proactively remediating and mitigating risks so that they can focus on their core business.

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Jonathan Ferguson
1-888-972-3624, ext. 7019


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