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About Us
Profit Protection, LLC, also very familiarly known as the National
Association for Bank Security, is a financial institution security and risk
management educational and consulting firm that has served the industry for
more than 25 years with its product
Profit Protection, LLC
4800 SW 51st Street
Fort Lauderdale, FL 33314-3511
Phone: 954-327-1223
Fax: 954-327-1226
www.banksecurity.com
Contact: Phillips G. Gay, II – President
Phil.Gay@banksecurity.com
OVERVIEW
Profit Protection, LLC, also very familiarly known as the
National Association for Bank Security, is a financial institution security and
risk management educational and consulting firm that has served the industry
for more than 25 years with its products and services. Those services are
offered in not only all areas of security governed by the mandates of the five
financial institution regulators, but all facets of Bank Secrecy Act regulation
requirements as well.
NABS/Profit Protection, LLC offers bankers security
management and BSA Seminars on an annual basis both directly and through 34
state bankers associations. Our clients can also take advantage of a telephone
consulting service at no extra charge; The Advisor, a case
history-driven bank security newsletter; comprehensive textbooks, manuals, and
shorter printed information of topical interest dealing with security BSA and
risk management matters; and educational training videos in a wide variety of
areas relative to bank security and BSA compliance functions. Combined with
expertise in a broad spectrum of support departments, NABS/Profit Protection,
LLC continues to provide the financial industry with top-quality, cost-effective
broad-based services in the security and compliance fields, year-in, year-out.
SEMINARS
NABS/Profit Protection, LLC specializes in conducting two
types of seminars in conjunction with 34 state bankers associations each year -
security and risk management and Bank Secrecy Act compliance. These seminars
attract over three thousand financial institution professionals at
approximately 60 locations around the country. They are for one or more full
days and are conducted by instructors who have extensive experience in the
security, risk management and Bank Secrecy Act compliance fields.
A comprehensive 200 to 300 page workbook is prepared and
distributed to registrants of each seminar. While traditional security topics
are always considered vital and therefore are routinely part of the curriculum,
the staff ensures that important new topics are addressed in depth. Several
such topics recently presented have been identity theft, suspicious activity
reporting, workplace violence, and terrorism. Individualized custom designed
training programs are available. NABS/Profit Protection, LLC also runs its own
two-and-one-half day regional security seminars in Orlando and Dallas each year
with at least five instructors conducting each seminar.
THE ADVISOR
The Advisor is a monthly financial institution
security and Bank Secrecy Act compliance newsletter that is generated from a
review and analysis of thousands of crimes, losses and lawsuits each year. Some
of the subject areas commonly covered include currency transaction reporting;
preventing morning glory robberies; security related lawsuits; new Bank Secrecy
Act regulations; suspicious activity reporting; robbery security procedures;
new account, credit card, and check frauds; and bunko schemes. Cases are explained
in complete detail, and helpful commentary is offered, as appropriate. An ideal
training vehicle, the objective of The Advisor staff is to assist
financial institution security, risk management and BSA compliance
professionals in learning about criminal techniques with which they may very
well be confronted, and to advise bankers on countermeasures that can be used
to stop them.
TEXTBOOKS AND MANUALS
The NABS/Profit Protection, LLC staff has been writing books
and manuals on significant aspects of security management and the Bank Secrecy
Act for over 25 years. Among the subjects of focus have been the security
officer’s responsibilities and liabilities; Bank Secrecy Act and Suspicious
Activity Report regulatory analyses; disaster recovery planning; safe deposit
security; bank robbery security training; using the SSN to detect fraud
attempts; check, credit card, new account, and loan fraud; the OFAC list and
regulations; personal and family security; larcenies and distraction scams; and
interviewing and interrogating. This broad, deep body of knowledge is updated
regularly to correlate with new crime techniques, new developments in the
security and regulatory fields and the ever-changing needs of bankers.
VIDEO LIBRARY
Often paralleling what is in text form, NABS/Profit
Protection, LLC’s videotape collection also represents comprehensive coverage
of the fields of security management and Bank Secrecy compliance. Generally in
a 20 to 25-minute time frame -which is considered ideal for training -the video
library addresses such subjects as safety during and after a robbery; the
security responsibilities of management, as well as the security
responsibilities of all bank employees; knowing your customer; introducing the
Bank Secrecy Act to employees; guidance in the preparation of the CTR;
suspicious activity reporting; and preventing frauds against the elderly, to
describe only a portion of the library. Use of the tapes in the NABS/Profit
Protection, LLC collection has proven over the years to be a very popular and
effective method among financial institutions to meet their training
requirements.
RESEARCH
Our products and services are based on extensive review of
case histories of financial institution crimes and provide an awareness of
current crime trends and techniques, along with practical solutions to everyday
security problems. NABS/Profit Protection, LLC monitors FBI financial
institution crime statistics and reports them in The Advisor and
utilizes them in our seminars, manuals and videos.
THE NABS/PROFIT PROTECTION, LLC STAFF
The most valuable asset of NABS/Profit Protection, LLC is
its people. For its consulting, instructional and writing functions, the staff
draws from many years of combined experience in law enforcement (FBI, US Secret Service, major metropolitan detective bureaus); bank security; prior
military security service; and bank security consulting. Combined with
expertise in a wide variety of support departments, Profit Protection, LLC
continues to provide the financial industry with top quality, broad-based
products and services. Among those serving in either active or advisory
capacities are:
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Phillips G. Gay, Jr., CRCM, CRP –
President, NABS/Profit Protection, LLC and
Principal Compliance Advisory Service Coral Springs, Florida
-
Al Hazen - Past President, NABS/Profit Protection, LLC
-
J. Branch Walton - Past President,
NABS/Profit Protection, LLC
-
Marcus H. Ford - President Emeritus
NABS/Profit Protection, LLC
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R. Eugene (Gene) Seitz - Retired
Review Examiner, FDIC Special Activities
-
Thomas R. Duxbury, MA – Editor,
NABS/Profit Protection, LLC
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Timothy E. Doherty - Director
of Marketing and Communications, NABS/Profit
Protection, LLC
-
Maureen Holteen -
-
Jay M. Friedland, Esq. - President
and CEO, M&M Consulting, Inc. Brunswick, Maine
-
Fred A. Gwin, CPP - Principal
Protection of Assets Consultants Baton Rouge, Louisiana
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Boris F. Melnikoff, CPP - Bank
Security Consultant Atlanta, Georgia
-
Bill W. Thompson, CPP - Principal Thompson Training
Dayton, Ohio
Security