Mitigation

The Treasury Department’s Office of Foreign Assets Control sanctioned three individuals for supporting North Korea via illicit financing and malicious cyber activity.

ICBA expressed strong opposition to a Small Business Administration final rule that undermines its 7(a) loan program.

ICBA called on the Financial Crimes Enforcement Network to modify its proposed form for collecting beneficial ownership information from reporting companies.

The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary warns that community institutions should anticipate that cybercriminals will attempt to capitalize on uncertainty following the collapse of Silicon Valley Bank.

The latest episode of ICBA’s “Independent Banker” podcast spotlights cybersecurity collaborations and how to turn vendor relationships into true partnerships to maximize value.

ICBA called on the federal government to support and prioritize research on the specific effects of digital assets on community banks and their customers.