Michael Beird

Payment fraud is one of the most pressing concerns for financial institutions and banking professionals today. Criminals continually evolve their tactics, making it difficult to stay ahead of new threats. Fraudulent activities can result in significant financial losses, damage to…

A Currency Transaction Report (CTR) is a critical document for financial institutions designed to help monitor and prevent illicit activities such as money laundering, tax evasion, and other financial crimes. When a customer engages in a transaction involving more than…

In the highly regulated world of banking, ensuring that customer interactions are fair, transparent, and respectful is paramount. Financial institutions must navigate a complex landscape of regulations, with UDAAP (Unfair, Deceptive, or Abusive Acts or Practices) at the forefront of…

In the banking world, every word counts. Whether you’re drafting a client email, preparing a report, or composing a proposal, your ability to communicate effectively can significantly impact your success. In a sector where precision and trust are critical, business…

For banking professionals, understanding the regulations that govern lending practices is crucial, particularly when these regulations protect a unique and valued segment of society: military personnel. The Military Lending Act (MLA) is one such regulation established to safeguard the financial…

Online account application fraud poses a serious and growing threat to financial institutions. Criminals use stolen or fabricated information to open accounts, which they then exploit for illegal activities like unauthorized transactions. Unlike traditional fraud, this type leverages the anonymity…

The role of a corporate board secretary has transformed significantly over the years, moving far beyond the traditional view of mere note-taking. Today, the board secretary is a cornerstone of corporate governance, responsible for a wide array of tasks that…

Managing safe deposit boxes (SDBs) in a bank is a critical responsibility, demanding a high level of security and vigilance. As custodians of valuables ranging from legal documents to precious heirlooms, banks must maintain an ironclad system to safeguard clients’…

Ensuring compliance with anti-money laundering (AML) regulations is critical to maintaining the integrity and reputation of any financial institution. For banking professionals, the challenge lies not only in adhering to these stringent requirements but also in continually enhancing the effectiveness…

The rise of digital banking and online transactions has ushered in a new era of convenience and accessibility for customers. However, it has also opened up new avenues for fraudsters to exploit. Traditional methods of fraud detection, reliant on static…