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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Regions Financial Corporation | NYSE:RF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.30 | 1.56% | 19.57 | 19.98 | 19.34 | 19.36 | 7,339,310 | 01:00:00 |
Regions Bank launching campaign in March to prevent fraud, identify human trafficking
Financial crimes cost the global economy trillions of dollars every year and are increasing in frequency at an alarming rate. That impact starts, however, with costing ordinary people and businesses hundreds of thousands of dollars. This month, Regions is launching the Good Sense financial safety series on its news website, Doing More Today, to show how consumers, businesses and financial institutions can work together to combat financial crimes such as elder financial abuse, business email compromise and human trafficking.
From senior individuals personally affected by financial exploitation to businesses targeted by email spoofing, financial crimes aren’t just expensive, they’re widespread:
“The human impact of fraud is immense, whether you’re talking about one of the 40+ million men, women and children trapped in trafficking, or the elderly victim scammed out of their life’s savings,” explained Don White, head of Regions Corporate Security. “We work closely with law enforcement, and have people and procedures in place to identify, investigate and report financial crimes. That said, the best, first line of defense is for consumers and businesses to be educated and vigilant in spotting and thwarting these types of crimes before they happen.”
A 25-year veteran of the Secret Service, White oversees a team of former district and U.S. attorneys; DEA and FBI agents; and former leaders from local, county and state police departments, all concerned for the safety of Regions customers, associates and properties 24 hours a day, 365 days a year.
Beyond Corporate Security, White says Regions associates are trained to spot the warning signs of financial crimes and report any suspicious activity. All Regions employees must successfully complete annual training courses on financial crimes, the Bank Secrecy Act/Anti-Money Laundering law, privacy and information security.
“Our focus is always on serving our customers and communities and making it easy to do business with us,” White added. “But the criminals are persistent, so that means all of us – from banks to consumers and the business community – have to constantly be on guard.”
To learn more, visit Doing More Today beginning on March 6 for more information on combating various types of financial crime.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190306005135/en/
Nicole Wyatt205-264-4551regions.doingmoretoday.comRegions News on Twitter: @Regions News
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