CEO Corner

Embracing a Culture of Risk Vigilance

As we approach the start of football season, a sports idiom seems fitting. As the saying goes, the best defense is a good offense. Simple management of risk just isn’t good enough anymore.

ACBB PRODUCT SPOTLIGHT

ACBB to Launch ‘Virtual Card’ Solution

Increase non-interest income - Differentiate your bank - Increase relevance with business customers

Wire Transfer Red Flags

By Joanne McDaid, CFCS – AVP, Operations Officer
 
Cybercriminals are getting more aggressive in targeting money through wire transfer
requests. The number of attempts is on the rise and scammers are getting bolder and
more sophisticated in their efforts to trick consumers into wiring funds. Criminals like to
use wire transfers because the money moves fast and is difficult to get back.  While you
can’t always stop your customers from being victims of wire transfer scams, you can help
minimize wire transfer risk to your institution by having the right controls in place.*

Compliance Anchor Moves Forward!

Update from Nancy E. Lake, CAMS-Audit, CAMS-FCI, Director of Compliance Anchor

Compliance Anchor began in 2013 to answer the need for cost-effective BSA and Compliance training and resources. We launched the service by providing topic specific webinars and what are known as our “Veterans’ Venues”. These Veterans’ Venues are unique in the industry and provide all the latest news from the previous month on topics affecting your financial institution. They are collaborative sessions that enable attendees from all over the country to talk to one another online, share ideas, ask questions and conduct polls that help attendees to see what other financial institutions are doing or thinking about a specific subject.

BITS Spotlight

Welcome our latest customers, Taylor Bank out of Berlin, MD and Citizens Bank and Trust located in Trenton, GA.

Continued thank you to our existing clients, who are always willing to serve as great references.