Regulators: Don’t be afraid to innovate when it comes to BSA compliance

first_img continue reading » Federal financial regulators, including the NCUA, recently issued a joint statement encouraging banks and credit unions to “consider, evaluate and where appropriate responsibly implement innovative approaches” to meet their BSA compliance obligations.Here are my takeaways, but please read the memo and decide for yourself how best to integrate this joint statement into your compliance framework if you think it’s appropriate.Developing technology, such as artificial intelligence, is well-suited for helping credit unions enhance their BSA programs.Far from discouraging innovative approaches, regulators are encouraging pilot programs to test and validate the effectiveness of these new approaches. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Preventable Surprises seeks CEO as Thamotheram steps back

first_imgResponsible investment think-tank Preventable Surprises has launched a search for a new CEO.In a job advert posted on its website, Preventable Surprises said it was seeking “an independent thinker and strong leader” for its work in encouraging action from asset owners on climate change and environmental issues.Founder Raj Thamotheram, currently the CEO and a regular columnist for IPE, is to become co-chair of the organisation alongside Carolyn Hayman.In an email to contacts, Thamotheram said the new full-time position “represents a major scaling up of our work” on climate change at a time when “negative policy headwinds” were challenging environmental policies. The organisation does not just focus on environmental issues, Thamotheram added: “As Preventable Surprises attracts additional resources, we also want to focus on some of the other ways that investors enable dysfunctional corporate and market behaviour and so contribute to systemic risk, notably executive pay and biodiversity loss.”The job description said: “As CEO, you will play a leading role in shaping Preventable Surprises’ strategy in a collaborative manner, and then implement the strategy, responding to opportunities and collaborating wherever possible with like-minded organisations.”The successful candidate should be able to “mobilise” and expand Preventable Surprises’ network of “positive mavericks”, as well as come up with new strategies for the group’s work. Fundraising skills are also needed, according to the job description – Preventable Surprises is funded by donations and support from charitable foundations.The full job description is available here.last_img read more

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Garin, 9 others indicted again over Dengvaxia

first_imgThe previous Aquino administrationinitiated the nationwide Dengvaxia immunization program in the summer of 2016,purchasing P3.5 billion in Dengvaxia vaccines for a million public schoolchildren in regions reported to have the highest incidence of dengue. Garin wasthen the DOH secretary. “The panel [of prosecutors] concludedthat the accomplishment of the procurement process for the Dengvaxia vaccine,with undue haste, within a limited timeframe, and despite the red flags knownto Garin and other respondents, amounted to reckless imprudence,” according tothe DOJ. Garin and several others werepreviously indicted over similar charges in the first batch of complaints. Garin,in a statement last night, said she is ready to face the charges and expressedconfidence these would also be dismissed. DOJ prosecutors said yesterday Garinand nine other former officials of DOH, Food and Drug Administration, ResearchInstitute for Tropical Medicine, and Sanofi Pasteur, Inc. should be prosecutedfor reckless imprudence resulting to homicide. The indictments were for the secondbatch of complaints filed by parents of children who died allegedly after beinginoculated with Dengvaxia. “The evidences presented wereoverwhelming,” Acosta said. “The Dengvaxia victims expected full indictment andprosecution at the proper court with jurisdiction.”/PN MANILA – The Department of Justice(DOJ) has found probable cause to again charge former Department of Health(DOH) secretary Janette Garin (now Iloilo 1st District congresswoman) inconnection with the controversial anti-dengue vaccine Dengvaxia.center_img Former Health secretary Janette Garin “Hustisya bang matatawag na hayaannating mamatay ang mga kababayan natin sa sakit na mayroon namang bakuna ogamot?”Garin asked. “Haharapin ko ito ng buong tapang atwalang takot dahil alam natin ang katotohanan,” Garin said. “The dismissal of six outof seven cases before only showed that these lacked substance and basis.”Garin, a physician, also said it has been proven by science that no deaths werelinked to the Dengvaxia vaccine. The Justice department also said stateprosecutors indicted the president of Sanofi Pasteur for violating the ConsumerAct of the Philippines “for manufacturing the Dengvaxia vaccine which posescertain risks to seronegatives, or to those who have not previously contractedthe dengue disease.” On the other hand, Public AffairsOffice chief Persida Acosta who filed the charges said the findings of the DOJpanel proved that the evidences her office gathered against the respondentswere strong. In December 2017, DOH stopped theprogram after Sanofi Pasteur said Dengvaxia might increase the risk of severedengue in recipients who had not contracted the mosquito-borne disease. At thetime, over 800,000 school children had been vaccinated already.last_img read more

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OFF THE BENCH: Entire roster sees time in SU’s record 57-point blowout win over Colgate

first_imgThe Syracuse bench rose to its feet as Rick Jackson strolled off the court for the final time Saturday. Their leader was the last of SU’s starters to join them on the bench after what had arguably been the Orange’s most dominant victory in years. Having already built a 55-point lead, Syracuse sat its starters for the remaining 9:33. By the time Jackson retired to the bench, most of 20,247 in attendance had already begun to hit the exits. ‘When we stick to our coaching, play the right way and take the right shots, we can be a pretty good team,’ SU point guard Scoop Jardine said. ‘Nobody in the country can beat us when we play the right way. But we’ve shown that when we play the wrong way, we can be beaten as we almost lost a couple game this season.’ When it was all over, the Orange (10-0) rolled to a decisive 100-43 victory over Colgate (0-8). The Orange just missed setting a Carrier Dome record for scoring defense, which was set on Dec. 10, 2005 against Colgate. The Orange only allowed 35 points in that contest.AdvertisementThis is placeholder text Despite an unbeaten mark through ten games, the victory Saturday was the first time the Orange dominated a game from start to finish. Fresh off it most impressive win of the season — a 72-58 win over No. 7 Michigan State in New York City Tuesday — Syracuse absolutely annihilated its little brother from just down the road, culminating in SU’s widest margin of victory at the Carrier Dome since 2004, when it defeated Northern Colorado 101-54. ‘We’ve been ready to come out and play every game,’ Boeheim said. ‘We just haven’t shot it as well. Tonight, we made shots and they didn’t and when that happens, it gets out of hand. ‘Everything went in for us and the bounces went out way. Nothing went right for (Colgate).’ The Orange scored the first 12 points of the game and never looked back. Only allowed eight first half points and won by 57 both records for the Orange under Boeheim. And on offense, the Orange finally began to find the perfect balance between transition baskets and those from beyond the arc. SU was 7-for-14 from downtown in the first half , and finished the game 11-for-25 (44 percent), after shooting just 29 percent from long range coming into the game. SU also outscored Colgate, 31-2, in transition points and held a 27-9 advantage off turnovers. All that, even while playing an unfamiliar man-to-man defense for nearly 30 minutes of the game. ‘Our defense speaks for itself,’ Joseph said. ‘We played great ‘D’ and that led to easy baskets in transition, so our defense was key for us tonight.’ James Southerland and Mookie Jones, both of whom didn’t play against the Spartans Tuesday, saw increased action. The two combined for 16 points in 39 minutes of action. After the game, Boeheim said this was a good opportunity for them to get some minutes, as the Orange might need them down the road. Aside from those two, Syracuse played all 17 players on its roster and no starter played more than 25 minutes. ‘This was a fun game,’ Jackson said. ‘Just to get some of the guys involved that haven’t played much. These guys are working hard in practice keeping us starters on our toes. It was just good for them to get in there and get some solid minutes.’ But once again, it was its defense that opened things up for the Orange. Not only did the constant pressure keep Colgate from scoring, but it lead to a bevy of dunks in transition, keeping the crowd heavily involved despite the fact that the game was never really in doubt. ‘I think it has been very hard the first part of the season,’ Boeheim said. ‘Very hard every night, and we’ve had to grind it out. I think it’s good to get this.’ Coming off the impressive victory over Michigan State Tuesday, a blowout like this only adds to the momentum the Orange has going right now. It may have been understandable to come out flat after such a big win earlier in the week. Instead, SU just keeps working out the kinks from its first eight games. ‘Right now, everybody is just playing well,’ Jackson said. ‘There are always certain things that you can work on but right now as a team we’re playing great basketball.’ [email protected] Facebook Twitter Google+ Published on December 10, 2010 at 12:00 pmcenter_img Commentslast_img read more

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Tate Martell lost the starting QB job at Miami and college football fans have jokes

first_img“All three guys showed tremendous improvement and development, which is a credit to their hard work and the work of Dan Enos and his offensive staff. We believe we can win with all three guys, however, we feel like Jarren has the greatest upside due to his passing ability, his instincts and his determination,” Diaz said about the move, via Miami’s official website. “As we move into preparation for the Florida game we will continue the competition to determine who will serve as the backup quarterback.”MORE: SN’s preseason Top 25 rankingsMartell, a five-star recruit coming out of high school in 2017, transferred to Miami this offseason after leaving Ohio State. Justin Fields announced his intention to transfer to Ohio State in January, and Martell entered the transfer portal shortly after.Initially, Martell would have had to sit out a year after transferring. But he filed for a hardship waiver in order to be immediately eligible. He was granted a waiver by the NCAA in March, and became eligible to play in 2019. But obviously with Monday’s news, he may not get a chance to play due to not earning the starting job.Shortly after the news was announced, college football fans reacted on social media. Martell has a strong personality and has developed a bit of a polarizing reputation among fans. One example is when he sent a subtweet to Fields as the QB was pondering a transfer to Ohio State.pic.twitter.com/a0jXpSF4Qs— Bud Elliott (@BudElliott3) August 12, 2019Clearly that tweet didn’t age well.And when Martell lost the starting job after transferring, fans started in with even more jokes. Tate Martell do you have any comments on the starting QB announcement?pic.twitter.com/UqP3aMFo6b— Joshua Reynolds (@joshjreynolds) August 12, 2019As for the actual starting quarterback at Miami, Williams should provide an interesting spark. He’s a dual-threat quarterback who played briefly last season in a 77-0 blowout against Savannah State. “This is something that I’ve always strived for growing up,” Williams said. “It’s been my dream since I was a kid. When I was six years old, I used to sit in front of the TV and watch Michael Vick play. That’s a dream I have always had and I’ve strived for it. Having the opportunity to lead this team is the opportunity of a lifetime and I am going to take full advantage of it.”Miami opens its season Aug. 24 against Florida. Tate Martell will not be the starting quarterback at Miami to start the season, the team announced Monday.Coach Manny Diaz said redshirt freshman Jarren Williams will start for the Hurricanes instead.last_img read more

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