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 financial institutions (“FFIs”). The intention of FATCA is to identify U.S. citizens responsible for paying […]
One of the most important tasks that a Bank Secrecy Act (“BSA”) Officer has is to make the decision whether or not to file a suspicious activity report (“SAR”). Many BSA Officers have had the experience of reviewing transactions, analyzing them for suspicious activity and then making the decision whether or the not the […]
On April 15-17, 360factors attended the TBA Convention at the JWMarriott in Austin, TX. As new members of the TBA, we enjoyed meeting with fellow members and Texas bankers. During the event, we heard from many interesting speakers, including bankers TBA Chairman — John Snider , TBA Chairman of the Board—Ken Burgess, and American […]
We are excited to announce that 360factors has recently joined the Texas Bankers Association (TBA) as an associate member. TBA is the oldest and largest state banking association in the nation. Currently, more than 84% of banks in Texas are members.
“The mission of the Texas Bankers Association is to meet the growing needs of […]