Mitigation

With the Financial Crimes Enforcement Network now required to collect beneficial ownership information directly from reporting companies, it should withdraw its requirement that banks collect this information as well, ICBA told the agency.

ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise on several dates starting this month to support community bank cybersecurity.

The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report focuses on growing cybersecurity risks to small and minority-led financial institutions.

ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a first-of-its-kind series of exercises in February and May to support community bank cybersecurity.

The ICBA ThinkTECH Accelerator cohort continues to demonstrate an increasing understanding of community banking and their challenges and opportunities, ICBA’s Charles Potts writes in a new blog post.

The Financial Crimes Enforcement Network proposed establishing a limited-duration pilot program for sharing suspicious activity reports, in accordance with Section 6212 of the Anti-Money Laundering Act of 2020.