Jerel Wright, AVP, Compliance discussing risk-based capital in Lawrence.
Compliance staff were in Lawrence, Wichita and Salina covering social
media, elder abuse, unclaimed property, risk-based capital, liquidity and contingency funding, cybersecurity, and the Bank Secrecy Act (BSA).
Hot topics included social media, risk based capital and elder abuse. Regarding elder abuse, discussion revolved around:
Recognizing scams or scammers.
Telling a member you think it’s scam or they are being taken advantage of.
How long to fight release of the money and/or placing a hold on funds.
Working with the authorities on reporting.
Updates continue in Garden City on Tuesday, June 17. A webinar is also available on June 18.