Banker's Compliance Consulting Blog

Customer Due Diligence for Lenders

A key aspect of BSA/AML/CFT compliance is knowing “who” your customer is. For example, lenders are...

BSA/AML/CFT Programs

Financial institutions are required to have a BSA/AML/CFT program that consists of certain...

Corporate Transparency Act Update

The legal drama surrounding the implementation of the Corporate Transparency Act (CTA), continues...

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,...