by Radhika Lipton | Oct 4, 2022 | RADD BUZZ
Doing a BSA/AML risk assessment is a significant step in complying with anti-money laundering regulations. In this post, we’ll give you an overview of the risk assessment process for FIs. You’ll also understand the steps in completing a comprehensive... 
by Radhika Lipton | Sep 23, 2022 | RADD BUZZ
Regulatory change is an ongoing part of financial institutions (FIs) life. For one, the industry is one of the most highly regulated in the world. According to a 2020 report by Thomson Reuters Regulatory Intelligence, a typical financial services organization is... 
by Radhika Lipton | Sep 14, 2022 | RADD BUZZ
As the financial services industry evolves, financial institutions (FIs) increasingly turn to fintech to meet their needs. For one thing, fintech offers innovative solutions that help FIs deliver new capabilities, respond to changing customer expectations, increase... 
by Radhika Lipton | Aug 28, 2022 | RADD BUZZ
All over the world, there are stringent laws that require banks to implement measures against money laundering. In the US, banks implement these measures through the Bank Secrecy Act(BSA)/Anti-Money Laundering Act (AML). Since its enforcement in the 1970s, the BSA/AML... 
by Radhika Lipton | Aug 15, 2022 | RADD BUZZ
In the financial industry, regulations are a big deal. You have to comply with them to stay in business. Whether it’s payment fraud, cybersecurity breaches, money laundering, or terrorism financing, regulators are always ready to pounce. Financial institutions... 
by Radhika Lipton | Aug 2, 2022 | RADD BUZZ
For most businesses in America, banking is a straightforward affair. Not many industries can operate without banks and the banks, for their part, benefit from large corporate accounts. However, when it comes to cannabis-related businesses, banking can be a real...
