Financial Crime World

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Protecting Your Personal Information and Online Transactions

At Allied Bank And Trust Company (Bahamas) Limited, we take the security of our customers’ personal information and online transactions very seriously. In this article, we will highlight some key measures we recommend to protect your accounts from unauthorized access.

Security Measures

We advise all customers to never share their username, password, or other electronic banking credentials over the phone or by email. To keep your account secure:

  • Use strong passwords and regularly change them.
  • Keep your anti-virus software up to date.
  • Be cautious of phishing scams and never click on suspicious links.

Regulation E: Electronic Funds Transfers

Regulation E provides protections for individual customers relative to electronic funds transfers (EFTs). This regulation applies to transactions initiated through our Internet banking channels, including:

  • Debit card transactions
  • ACH payments
  • External transfers
  • Bill payments

Warning Signs of Unauthorized Activity

We advise all customers to be vigilant and monitor their account activity regularly. If you notice any suspicious or unauthorized account activity, experience a breach in security, or have your log-in credentials compromised, contact us immediately.

Risk Assessment and Control Evaluations for Commercial Accounts

For commercial accounts, we require owners to perform their own risk assessment and control evaluations. This includes identifying potential risks related to online transactions, such as internal theft and fraud. By evaluating these risks, you can help identify weaknesses in controls and implement measures to mitigate those risks.

Protection from Unauthorized Electronic Funds Transfers

We are committed to protecting our customers from unauthorized electronic funds transfers. Under federal regulations, we provide protection for customers in case of unauthorized activity on their account. To take advantage of this protection, act quickly to notify us if you suspect unauthorized activity on your account.

Banking Services and Client Base

At Allied Bank And Trust Company (Bahamas) Limited, we have a strong commitment to providing top-notch banking services to our clients. We are proud to offer:

  • Assets under administration (AUA): [insert number]
  • Number of funds serviced: [insert number]
  • Committed clients: [insert number]
  • Global investment services: [insert description]