About Jonathan Ferguson

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So far Jonathan Ferguson has created 10 blog entries.

Figuring Out What to Say and How to Say It to the Board of Directors is Like Balancing on a Bicycle

"Life is like riding a bicycle. To keep your balance, you must keep moving." -Albert Einstein Successfully riding a bike to get where you want to go requires patience, knowledge, and experience. Determining what to say to your board of directors is like learning how to balance on a bicycle. The “what to say” is [...]

By |2019-05-16T22:07:24+00:00February 5th, 2018|Blog, Compliance Tips|Comments Off on Figuring Out What to Say and How to Say It to the Board of Directors is Like Balancing on a Bicycle

Three BSA/AML Errors to Avoid

Bank Secrecy Act and Anti-money Laundering (BSA/AML) enforcement is shaping up to be a hot compliance topic this year. We've heard from the NCUA that one of its supervisory priorities for 2018 will be BSA compliance. There are also some big changes coming in just a few months with FinCEN's new customer due diligence and [...]

By |2019-05-16T22:13:37+00:00January 29th, 2018|Bank Secrecy Act/Anti-Money Laundering, Blog|Comments Off on Three BSA/AML Errors to Avoid

The Top 5 Posts of 2017

2017 is now gone, but it's always worth a look back to see where you’ve been. Here’s a look at the top 5 most popular AdvisX blog posts of 2017. 1. The Elephant in the Room: Fair Lending Regression Analysis We’ve all heard the expression, “how do you eat an elephant? One bite at a time.” [...]

By |2019-05-16T22:15:00+00:00January 2nd, 2018|Blog|Comments Off on The Top 5 Posts of 2017

Front-to-Back AML Validation: How to Envision What You May Be Missing

Originally published on CUInsight.com For those of us who experienced a partial loss of vision at a relatively young age, we likely remember the day that we learned we needed glasses. The process typically began with an elementary school teacher who noticed our permanent squint at the chalkboard. Before we knew it, we were sent [...]

By |2017-12-04T09:00:55+00:00December 4th, 2017|Blog|Comments Off on Front-to-Back AML Validation: How to Envision What You May Be Missing

AML System Assembly: Don't Ditch the Instruction Booklet

Whether it was a model airplane, some Legos, or a Swedish bookcase, odds are you've purchased something that requires some at-home assembly. What all these things have in common is the instruction booklet. Not all of these instruction booklets are created equal, however. Some are clear, precise and easy to follow, while others are so [...]

By |2017-11-13T09:00:32+00:00November 13th, 2017|Blog|Comments Off on AML System Assembly: Don't Ditch the Instruction Booklet

New York's 504: BSA/AML Requirements You May Want to Start Wearing

If you're a fashion fanatic and you want to get a jump on what will be hot next season, you'd probably want to look to the current fashion trends in New York. After all, New York, New York is known as one of the fashion capitals of the world. Now, if you're in charge of [...]

By |2017-08-14T09:00:15+00:00August 14th, 2017|Bank Secrecy Act/Anti-Money Laundering, Blog|Comments Off on New York's 504: BSA/AML Requirements You May Want to Start Wearing

BSA Compliance: The Dangers of Letting it Get Too Ordinary

Humans have a remarkable ability to get used to things. For example, on a trip to Yellowstone National Park several years ago, I saw a group of people excitedly pointing to something off in the distance. They had cameras out and were acting as if they were seeing Sasquatch. However, when I got close enough [...]

By |2017-01-30T12:00:45+00:00January 30th, 2017|Blog|Comments Off on BSA Compliance: The Dangers of Letting it Get Too Ordinary

Comparative File Review: See the Whole Iceberg

It's common knowledge that the part of an iceberg that can be seen above the surface is just a small portion of the whole iceberg. In fact, about 90 percent of the iceberg is hidden below the water's surface. If you are trusting your fair lending risk to just the data visible on the surface, [...]

By |2017-01-17T10:00:46+00:00January 17th, 2017|Blog|Comments Off on Comparative File Review: See the Whole Iceberg

The Elephant in the Room: Fair Lending Regression Analysis

We’ve all heard the expression, “how do you eat an elephant? One bite at a time.” The inventor of this phrase must have been marooned and starving on an elephant-infested island, because seeing an elephant and wondering, “how am I going to eat that thing?” is not exactly a normal reaction. Even an avid steak-eater [...]

By |2017-01-09T10:00:44+00:00January 9th, 2017|Blog|Comments Off on The Elephant in the Room: Fair Lending Regression Analysis

The Top 5 Posts of 2016

2016 is just about gone, but there's still just enough time to look back and see where we've been. Here's a look back at the top 5 most popular blog posts of 2016. 1. FinCEN's Top 3 Money Laundering Concerns The fight against money laundering and terrorist financing in the U.S. is an ongoing and evolving battle. [...]

By |2016-12-23T16:07:44+00:00December 23rd, 2016|Blog|Comments Off on The Top 5 Posts of 2016