Banker's Compliance Consulting Blog

BSA/AML/CFT: Communicating with the Board and Management

Keeping the Board of Directors and Management informed about upcoming changes regarding...

Lender Responsibilities for BSA

BSA is all about helping our government thwart money laundering and terrorist financing. Whether...

Exceptions Holds for Being Repeatedly Overdrawn

Regulation CC outlines when institutions can delay deposited funds using an exception hold. These...

Commercial Lenders & FCRA

The Fair Credit Reporting Act lays out responsibilities for financial institutions that obtain or...

Proposed Rule to Strengthen and Modernize AML/CFT

The goal of the Proposed Rule to strengthen and modernize Anti-Money Laundering (AML) and...

Deregulation of Crypto?

On February 5, 2025, the FDIC released documentation related to its supervision of banks engaged in...

FinCEN Alert News

In mid-December, FinCEN issued an Alert to bring awareness to “Fraud Schemes Abusing FinCEN’s Name,...

BSA/AML/CFT Risk Assessment

Risk assessments are more than just a box to check off on your compliance “to do” list, they are...

CFPB Seeks to Stop Illegal Kickback Scheme

On December 23, 2024, the CFPB filed suit against Rocket Homes, The Jason Mitchell Group, 45 of its...

Customer Due Diligence: What to Look For

Customer due diligence is all about knowing your customers. You want to gather enough information...