Restricting Access to Employee Account Info at Banks

Restricting Access to Employee Account Info at Banks

by Jennifer Mitchell • June 22, 2018

Your employees are some of your financial institution’s biggest advocates. They’re not shy to tell family members, friends, and virtually anyone else about your institution’s great products and services. It’s no surprise why your employees are so passionate. After all, most of them do all of their banking with your financial institution. Checking accounts, health […]

Suspicious Activity Report Management

Suspicious Activity Report Management

by Jennifer Mitchell • June 15, 2018

“Frankly, I’m worried that the customer is doing something illegal.” As you hear your bank’s most seasoned teller utter these words, you know that you’re dealing with a very sensitive situation. On the one hand, you’re well aware of the Bank Secrecy Act and its anti-money laundering requirements. Your financial institution must take such allegations […]

Beneficial Ownership Certifications

Managing the Beneficial Ownership Certifications

by Jennifer Mitchell • June 8, 2018

May 11th marked the compliance date for FinCEN’s final rule on CDD (customer due diligence). The rule places additional requirements on certain financial institutions in the United States, including banks and credit unions. Among other obligations, financial institutions must now obtain, verify, and record information about the beneficial owners of the legal entities they serve. […]

Related Entities

Tracking Customers & Their Related Entities

by Jennifer Mitchell • May 22, 2018

Everyone knows that Lloyd is one of the most well-connected people in the area. After all, it was Lloyd who founded your town’s first business incubation center more than a decade ago. Since then, he’s started several successful companies of his own, served on a few boards of directors, and even finds time to volunteer […]

Managing Dormant Accounts: Reducing Risk via Integration

by Jennifer Mitchell • May 18, 2018

Dormant accounts pose a serious risk for financial institutions of all asset sizes. Although some of the responsibility for maintaining account security should fall on your customers’ shoulders, your institution is by no means off the hook. To prevent dormant accounts from falling into the wrong hands, most banks and credit unions have internal policies […]

CIP Document Management

Customer Identification Program (CIP) Recordkeeping

by Jennifer Mitchell • May 9, 2018

“A bank’s CIP must include recordkeeping procedures.” ~Bank Secrecy Act Anti-Money Laundering Exam Manual Federal Financial Institutions Examination Council Since the passage of the USA PATRIOT Act, all banks have been required to keep a written CIP. As I’m sure you know, the point of the CIP (Customer Identification Program) is to ensure that banks […]

Core Imaging Systems

Our Core System “Does Imaging”

by Jennifer Mitchell • May 3, 2018

I occasionally hear banks or credit unions make the following statement: “We don’t need AccuAccount. Our core system does imaging.” Does this statement hit home for you? Perhaps your financial institution utilizes a core system that offers basic document imaging features. You’ve already made a huge investment in your core, so why integrate with a […]

Manage DDA Accounts

Streamline New DDAs by Going Paperless

by Jennifer Mitchell • April 19, 2018

Everyone in your town loves Freddy. After all, Freddy Marino is the face of the community’s favorite restaurant: Freddy’s Pizza, Wings & Subs. When you want to watch the big game and enjoy a tasty pizza, there’s no better place than Freddy’s. Since opening his first location over twenty years ago, your financial institution has […]

New UI Blog

AccuAccount’s Fresh New Look + Dynamic Reporting

by Jennifer Mitchell • April 16, 2018

It’s here, and it’s awesome! Today, our team at AccuSystems is excited to officially unveil the fresh new look for AccuAccount. The new user interface, which is the result of feedback from our 15,000+ users along with countless development hours, is clean, intuitive, and built with the end user in mind. Let’s take a closer […]

Tax Return Management

Tax Returns: Open the Flood Gates

by Jennifer Mitchell • April 9, 2018

April 15th is an all-too-familiar date for the business owners that your bank serves. For sole proprietors, C corporations, and individuals throughout the United States, April 15th (or April 17th as the calendar falls this year) represents the ultimate “hard deadline.” Unless an extension is filed, taxpayers must submit their returns by this date. As […]