ACA Telavance to Host Webcast on AML Analytics – The New Normal

AML and compliance analytics open the “black box” that many AML systems present and provide actionable insights driving greater value from an AML system while meeting the demands of the regulatory community. On Thursday, August 24 at 2pm EDT, please join ACA Telavance’s Naveen Grover, Art Claudio, and Ranjith Ramachandran for a live discussion providing practical use cases for leveraging analytics to manage your compliance needs.

Read more

Identity Access Support and Solutions

Identity and Access Management (I&AM) and Privileged Access Management (PAM) include provisioning, recertification, internal transfers and offboarding user access to an organization’s technology resources. Corporate and departmental user groups consist of employees and sometimes include external connectivity to customers and vendors. As a result, the complexity of account management processes increases depending on the level of risk associated with the particular user role being provisioned.

Read more

DFS 504 – Developing a Sound Risk-Based Transaction Monitoring Program

On June 30, 2016, the New York State Department of Financial Services (“DFS”) issued a Final Rule (Regulation 504) requiring regulated institutions to maintain “Transaction Monitoring and Filtering Programs.” The Final Rule applies to all banks, trust companies, private banks, savings banks, and savings and loan associations chartered under New York Banking Law and all New York-licensed branches and agencies of foreign banks.

Read more

ACA Telavance to Host FinCEN Beneficial Ownership Rule: Overview and Implementation Webcast on June 15, 2017

In May 2016, the U.S. Financial Crimes Enforcement Network (FinCEN) published its final rule on beneficial ownership with respect to customer due diligence (CDD) requirements for financial institutions. The rule further establishes CDD as a “fifth pillar” of anti-money laundering (AML) program requirements, recognizing the critical importance of CDD as the foundation of effective money laundering prevention. Financial institutions are required to comply with the rule by May 11, 2018.

Read more

Anticipated Behavior Profile

Financial institutions (“FI’s”) are required by Anti-Money Laundering (“AML”) regulations to perform risk-based due diligence for their customers and prospective customer. This due diligence is referred to as Customer Due Diligence (“CDD”). FI’s must perform an additional level of due diligence for customers presenting a high level of AML risk, known as Enhanced Due Diligence (“EDD”).

Read more

ACA Compliance Group Acquires Telavance

ACA Compliance Group (ACA), a global leader in providing compliance, cybersecurity, performance, and technology solutions to financial services firms, has acquired Telavance.

Read more

Telavance Hosts a Webinar on: New York DFS Part 504 Regulation – Path to Certification

On June 30, 2016, the New York State Department of Financial Services (“NYDFS”) issued a Final Rule (Regulation 504) requiring regulated institutions to maintain “Transaction Monitoring and Filtering Programs” that are “reasonably designed” to meet their purpose and the regulated institutions’ Board or Senior Officer(s) make annual certifications to the DFS confirming compliance with the Final Rule.

Read more

Telavance Hosts a Webinar on: Understanding the Panama Papers: Challenges & Risks

July 8, 2016 Telavance presents a Webinar on: Understanding the Panama Papers: Challenges & Risks The Panama Papers leak provided evidence of how shell companies and intermediaries are used by money launders and tax evaders.

Read more

A Compliance Officer’s Epilogue to Panama Papers Leak

On April 3, 2015, a German newspaper ICIJ leaked 11 million files from a Panamanian law firm that specializes in setting up offshore companies. Read more about a compliance offer's view on this news.

Read more

Actimize Automation

Financial institutions receive transaction information in large data sets everyday that must be monitored. Utilizing Actimize Automation can ease the work load for all.

Read more