Banking Matters

In this episode of Banking Matters, host Linsey Hugueley interviews Carl Goss, an attorney with extensive experience in banking regulation and enforcement. They discuss Carl's journey into the banking industry, the growing intersection of community banks and cryptocurrency, practical steps for banks to engage with digital assets, and the risks and fraud considerations associated with crypto transactions. Carl emphasizes the importance of being open to innovation and understanding the regulatory landscape as banks navigate the evolving financial environment. 

In this week's episode of Banking Matters, host Elizabeth Holtrop talks with Svitlana Keeney, a Compliance Officer at Compliance Alliance who has extensive trust compliance experience. The conversation focuses on key factors to consider when managing compliance in the arena of trust and wealth management. Svitlana emphasizes the importance of protecting an institution's reputation and client trust, emphasizing the role of a bank's compliance personnel as a strategic partner on a trust and wealth management team.

In this week’s conversation, host, Linsey Hugueley, chats with Gayle Brooke, Compliance Officer for Independent Bank, about the critical role of human oversight in AI-generated outputs, highlighting the risks of unverified information and the concept of 'work slop'. She advocates for careful review of AI outputs to prevent inefficiencies and errors in the workplace.

In this episode of Banking Matters, host Elizabeth Holtrop interviews Kyle Owens, a partner at Bradley law firm, to discuss the intersection of banking and law. The conversation focuses particularly on reputation risk and recent regulatory changes. They explore the implications of debanking, the shift in regulatory focus away from reputation risk, and best practices for banks to navigate these changes. Kyle emphasizes the importance of documentation and proactive policies to ensure compliance and mitigate risks in the banking sector.

In this episode of Banking Matters, host Elizabeth Holtrop speaks with attorney Sarah A. Samuel about the complexities of subpoenas in the banking sector. They discuss the legal implications of subpoenas, the importance of involving legal counsel, and the common scenarios in which banks might receive subpoenas. Sarah emphasizes that subpoenas are often simply a discovery tool and not necessarily an indication of wrongdoing by the bank or its customers. The conversation also covers the differences between different types of orders such as subpoenas and garnishments, compliance considerations, and the importance of privacy in handling legal documents. Sarah shares real-life examples of how subpoenas are processed and the common mistakes made by professionals in handling subpoenas, reinforcing the need for legal guidance in these situations.

In this episode of Banking Matters, Elizabeth Holtrop hosts Brett Goodnack to discuss recent developments in Bank Secrecy Act (BSA) regulations, particularly focusing on the new FAQs issued by FinCEN regarding Suspicious Activity Reports (SARs). Brett provides analysis into the implications of these FAQs, including potential contradictions with existing guidance, the importance of documentation in decision-making processes, and the need for banks to navigate these changes carefully while maintaining compliance and risk management practices.

In this episode of Banking Matters, host, Linsey Hugueley, interviews Jim Bedsole, retired Chief Compliance and Risk Officer with 40 years of experience in banking. Jim shares insights into his career journey, the evolution of compliance in banking, and essential skills for compliance officers. He emphasizes the importance of mentoring, continuous learning, and balancing work with personal interests

In this episode, hosts, Linsey Hugueley and Elizabeth Holtrop, are joined by members from across Compliance Alliance: Kelly Owsley, a Virtual Compliance Officer in our Virtual Partners division, Brett Goodnack, a Compliance Advisor in our Compliance Hub division, and Jeff Swilley, Director of our Tailored Solutions division. Together, they unpack key regulatory developments facing banks, including the SBA’s directive to end the practice of debanking, the implications of disparate impact in compliance, and emerging issues in BSA, such as prohibitions on certain transmittals of funds and new exemptions to customer identification program (CIP) requirements. The conversation highlights how these changes may affect institutions of all sizes, the need for proactive compliance strategies, and the value of leveraging collaboration and tailored support to navigate an evolving regulatory environment

In this episode, Linsey Hugueley interviews Alesha Paulsen, a BSA officer at Honor Bank, discussing her journey in banking, the prevalence of fraud and scams, and the importance of community engagement and education in combating these issues. Alicia shares insights on collaboration among financial institutions and the impact of Bitcoin kiosks on fraud, and offers valuable advice for both banking professionals and customers.

In this insightful discussion, attorney Jessica Guobadia shares her expertise on the complexities of probate, guardianship, and fiduciary litigation. She emphasizes the importance of understanding legal documents like powers of attorney and trusts, and the critical role banks play in safeguarding clients' interests. Jessica also highlights the need for thorough training and clear communication between legal professionals and financial institutions to ensure seamless service and protection for clients.