Banker's Compliance Consulting Blog

CFPB Junk Fee Initiative

We talked about it before…the CFPB does not like what they consider to be “junk fees.” In fact, the...

FinCEN Alert on “Pig Butchering” Investment Scam

FinCEN recently issued FIN-2023-Alert005 to alert financial institutions about a virtual currency...

Elder Financial Abuse Schemes

The Department of Justice estimates that each year 1 in 10 Americans over the age of 65 will...

BSA/AML Manual Updates

On August 2, 2023, the FFIEC released updates to its Bank Secrecy Act/Anti-Money Laundering...

Russian Evasion Attempts Continue

In case you missed it, FinCEN issued an updated alert regarding continued vigilance for Russian...

Quality Control Standards for Automated Valuation Models

The OCC, Federal Reserve, FDIC, NCUA, CFPB, and Federal Housing Finance Agency have issued a...

Currency Transaction Reports: The Why

Do you have burning questions related to BSA/AML compliance? Struggling with Beneficial Owners,...

CFPB Addresses Reopening Previously Closed Deposit Accounts

The CFPB recently issued Circular 2023-02 to address a potentially unfair practice of reopening...

Section 1071 Misconceptions & Takeaways

It’s been about a month and a half since the Section 1071 Final Rule was issued and we are...

Sanctions Evasion

You may have noticed that FinCEN has been incredibly busy pushing out new guidance in the last year...