New Risk Watch video discusses hallmarks of a sound compliance culture
FREDERICK, MD (September 4, 2014) — A new online video in the Risk Watch series discusses one of the root causes of problems in a financial institution’s Bank Secrecy Act and anti-money laundering programs: a weak culture of compliance. Attention to an institution’s compliance culture is likely to go up in light of FinCEN’s recent advisory on the matter. In this video, AffirmX’s Senior Analyst Coppelia Padgett explains what a compliance culture is and what to do if it is lacking at your financial institution. The video can be found here.
“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.
Subscribe to www.riskinbox.com for email updates on what’s hot right now in compliance and risk for credit unions. For more information on AffirmX’s unique compliance solutions and consulting services, visit affirmx.com or advisx.com.