Looking for steps to implement FinCEN’s latest Notice of Proposed Rule Making (NPRM)? This downloadable infographic provides a concise guide for financial institutions on how to comply with for AML/CFT regulations. Designed to simplify compliance, this 6-step guide is an essential tool for compliance officers and financial institution managers.

Download to ensure your organization is fully prepared to meet FinCEN’s updated requirements.

Key Highlights:

• Understand the NPRM: A brief overview of the new AML/CFT rules proposed by FinCEN.
• Evaluate current compliance programs: Steps to evaluate existing AML/CFT programs to identify areas needing improvement.
• Update policies and procedures: Guidelines on revising policies to meet new regulatory requirements.

Wire fraud is a rising threat to financial institutions and their clients, leading to significant financial and reputational consequences. According to the FBI’s Internet Crime Complaint Center (IC3), wire fraud complaints increased by 10%, with associated losses surging by 22% from 2022 to 2023—and the trend continued upward in 2024. This guide equips financial crime professionals with essential best practices to prevent wire fraud and protect their organizations. 

In today’s fast-paced world, consumers want to send and receive money at the click of a button. According to a 2020 Federal Reserve survey, three in four businesses and two in three consumers think that their bank or credit union should offer faster payments.

Financial institutions can meet this demand by building and offering instant payment services using the FedNow Service. Still, widespread adoption of the service has been slow as conscientious bankers carefully consider what it will take to implement FedNow at their institutions. But where to begin?

This infographic will guide you through initial steps to take on your path to preparing for instant payments, including:

• Understanding FedNow’s features
• Assessing administrative and procedural needs
• Planning customization to suit your unique risk profile

Download this infographic to show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution.

Take a look at our additional resources:

Blog: FedNow fraud prevention for credit unions: A guide for AML, fraud teams

Whitepaper: Embracing FedNow: A guide for financial institutions

Fraud costs go beyond direct monetary losses alone. Fraud causes trickle-down impacts that affect your reputation, customers, and financial bottom line. 

Download this infographic to learn more about: 

• Sneaky fraud costs and their snowball effect
• Comprehensive strategies to combat fraud loss
• Tactics to fight fraud effectively

The last few years have challenged the banking industry with continued economic uncertainty, increased digitalization demands from the coronavirus pandemic, and increases in fraud. According to data from the Federal Trade Commission, consumers lost more than $8.8 billion to fraud in 2022, $3 billion more than in 2021 and a 166% increase from 2020. The FTC received fraud reports from 2.4 million consumers last year, and the most commonly reported types of fraud were imposter scams, online shopping scams, sweepstake/lottery scams, investment fraud such as pig-butchering scams, and business and job opportunity scams. 

Now more than ever, it is important to make sure your bank or credit union is up to date on the latest trends, best practices, and ideas needed to ensure your institution is prepared to combat fraud.

Download this infographic for details on 5 examples of fraud typologies impacting your institution:

• Check fraud
• Cybercrime
• Pandemic relief fraud
• Wire fraud
• Card fraud

Progress implementing CECL is mixed as the Q1 2023 compliance date nears for smaller SEC-reporting banks and private or not-for-profit institutions.

Here are major findings related to banks, based on Abrigo’s survey of executives, credit and allowance leaders, and other finance staff.

Download the infographic to learn:

• Where banks are in their implementation process
• The top 3 challenges facing banks in their transition
• The impact of CECL on banks’ reserves

In the current environment, core deposit analysis is crucial for helping banks and credit unions remain competitive and profitable. Updated core deposit analytics provide the data for critical assumptions used in asset/liability models (ALM), and impact the overall risk management strategies at a financial institution. In this infographic, learn 6 key reasons to update an institution’s core deposit analysis.

Download to learn:

• How core deposit analysis can aid your financial institution
• Benefits of capturing trends and changes in your customer base
• The importance of core deposit studies in rising rate environments

This resource is part of the series ALM 101: Introduction to Asset/Liability Management.

Small business lending can generate crucial growth for a bank or credit union. For a properly functioning, safe, and growing small business loan portfolio, follow these best practices described by John Barrickman, Principal of New Horizons Financial Group, during a small business lending webinar hosted by Abrigo.

Download to learn:

• Critical elements of a loan policy related to small business lending
• What role the application process plays in a successful program
• The importance of an advisor-like relationship

Check out other small business lending resources:

• Webinar – Win More Deals: Small Business Lending Best Practices
• Whitepaper – Small Business Lending is a Big Opportunity

Adopting the current expected credit loss standard (CECL) will require a well-planned strategy and ample time dedicated to the operational and technical transition. For acquisitive financial institutions, the required efforts might be elevated, as CECL will change how public and private financial institutions account for these acquired assets. This infographic describes the four critical changes related to purchased assets under CECL, as well as a common misconception.

Download to learn:

• The impact CECL has on accounting for impaired loans
• Changes in how acquired assets are defined
• Adjustments to consider for the due diligence phase
• Common misconception related to CECL and business combinations