Banker's Compliance Consulting Blog

Automated BSA/AML Monitoring System Red Flags

Automated monitoring systems are a tool to help institutions identify potentially suspicious...

Updating Customer Risk Profiles

Customer Due Diligence requirements state in §1020.210(a)(2)(v)that an institution must implement...

TRID Applications & Strategic Collection

The TRID requirements found in Regulation Z state that, once a consumer has provided six specific...

Auditing BSA/AML/CFT: Scoping a Review

The FFIEC’s BSA/AML Examination Manual outlines the processes that examiners should take when...

BSA/AML/CFT Program Pillars

An institution’s BSA/AML/CFT program must incorporate several key components or “pillars”.These are...

Understanding the “Why” of Regulation B

The purpose of the Equal Credit Opportunity Act (Regulation B) is just as it sounds…equal credit...

The Importance of BSA/AML/CFT Training

One of the pillars of a BSA Program is training.The FFIEC’s BSA/AML Examination Manual states that …

Suspicious Activity Reports: Board Notification

An institution’s Board of Directors is tasked with providing management an oversight of an...

Suspicious Activity Reports & Continuing Activity

The requirement to file continuing activity SARs has been a very confusing issue which has led to...

What's a Marijuana-Related Business?

Choosing whether or not to bank marijuana-related businesses, is a decision to be made by a...