New Year Preparations & Partnership Through AML Industry Changes

New Year Preparations & Partnership Through AML Industry Changes

It’s that time of year again. We are closing out one year and preparing for the next. Regardless of the line of work you are in, this is a practice we all participate in. As we approach the New Year, it is a perfect time to look back on our accomplishments throughout the past 12 months, and aim to make changes to improve ourselves and our environments...

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Become an ABA Certified AML and Fraud Professional with the Banker’s Toolbox Scholarship

Become an ABA Certified AML and Fraud Professional with the Banker’s Toolbox Scholarship

The CAFP certification is an excellent way for BSA/AML professionals to gain credibility and highlight their expertise and experience. The newly created scholarship fund is designed to provide financial aid to individuals in their quest for accreditation in American Bankers Associations’ CAFP certification program. The creation of the Banker’s Toolbox Certified Anti-Money Laundering and Fraud Professional Scholarship Fund (CAFP) is another way for us to support the BSA/AML community at large.

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Measuring Risk During Growth | Due Diligence and Acquisitions

Measuring Risk During Growth | Due Diligence and Acquisitions

Each business day, a bank or credit union gets acquired by another in the United States. When acquiring new institutions, measuring your risk of BSA/AML compliance is an important part of the due diligence process. Financial institutions should prepare for increased regulatory scrutiny to avoid liability and penalties. Here are some questions you should try to answer before, during, and after your due diligence...

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October 26th – BSA and AML Professional Day

October 26th – BSA and AML Professional Day

Celebrations from October 26th - BSA and AML Professional Day October 26th, BSA and AML Professional Day, was a benchmark day.  For the first time in the history of our industry, BSA and AML professionals received their due recognition.   Here at Banker's Toolbox we held a reception honoring each of you and read the proclamations (see video below). Not only did we celebrate here at Banker's Toolbox, but we asked that you all take a moment and celebrate in your own way. We look forward to celebrating this day in the future and for years…...more →
Texas BSA and AML Professional Recognition Day 2017

Texas BSA and AML Professional Recognition Day 2017

Thursday, October 26th is now, officially, BSA and AML Professional Recognition Day in the State of Texas. It's a day we all show appreciation for the hard work BSA/AML Professionals do to protect our financial system and our country from criminal activity.

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Secrets to  Budgeting for BSA/AML and Fraud Software

Secrets to Budgeting for BSA/AML and Fraud Software

As budgeting season kicks off, it is important to understand your department’s goals for the next year in order to accurately budget for BSA/AML and Fraud software. Budgeting for BSA/AML and Fraud Software now will make sure your team is prepared to protect your institution in 2018. 

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