Raza Shahid

In working with the 60 Bank and Credit Union customers currently using our Predict360 Compliance Platform, I have come across trends that are common with all well-run Compliance Departments. The key factor which differentiates clients...

  “I plan on doing everything I can with every minute of every day that I have left as president,” Pres. Obama said at a December 2015 press conference.   According to Office of Management and Budget’s most-recen...

I believe I have made up a new Acronym for Compliance, KYV – Know Your Vendors. The reason why knowing your vendors is important, is the associated Risks that they bring to your Financial Organization.  From the Vendor that “wa...

Five O&G facilities termed as “high-risk” could face special inspections as part of the pilot project developed by the U.S. Federal Bureau of Safety and Environmental Enforcement (BSEE).  These inspections would be based on p...

Due to increasing number of regulations and the constant barrage of changes to those regulations, the cost of doing business in asset intensive industries is rising exponentially.  Regulatory compliance management is becoming increas...

In November 2014, the US Environmental Protection Agency (EPA) proposed a rule that would lower the eight-hour primary and secondary ozone standards from the current level of 75 parts per billion to a level between 70 and 65 parts per...

  The adoption of effective know-your-customer (KYC) standards is an essential part of any banks’ risk management practices. Banks with an inadequate KYC risk management program may be subject to significant risks, especially ...

So here you are, it’s either the beginning of a new year, maybe a new quarter, or more poignant, the examiners have just finished their review of your bank.  Whatever, the impetus, there you sit at your desk with an all –to- fami...

So here you are, it’s either the beginning of a new year, maybe a new quarter, or more poignant, the examiners have just finished their review of your bank.  Whatever, the impetus, there you sit at your desk with an all –to- fami...

As many Bank Compliance Officers know, the Foreign Account Tax Compliance Act (“FATCA”), which went into effect on July 1, 2014, and was intended to reduce levels of tax avoidance by citizens of the U.S. and entities via foreign f...