Banker's Compliance Consulting Blog

Completing CTRs: Part III Transaction Location

Currency Transaction Reports (CTRs) can be a challenge as there are specific ways certain sections...

Customer Due Diligence Triggers

Financial institutions are required to implement risk-based Customer Due Diligence (CDD) procedures...

What’s the Purpose of the Privacy Rule?

Regulation P, otherwise known as the Privacy of Consumer Financial Information Rule, came about as...

Marijuana-Related Businesses: Banking

As you know, many states have legalized marijuana in some form or another. Depending on the state,...

BSA/AML/CFT Programs & Customer Due Diligence

Financial institutions are required to develop and implement Customer Due Diligence (CDD) policies...

BSA/AML/CFT and OFAC

BSA/AML/CFT compliance is everyone’s job. From the tellers to the President, everyone has some...

BSA/AML/CFT: How Your Risk Assessment Drives Your Program

For employees new to banking, the idea of BSA/AML/CFT and the need to have a robust program devoted...

Customer Due Diligence & Risk Profiles

Customer Due Diligence (CDD) is an essential piece of your overall BSA/AML/CFT Program. When we...

CIP: A Two-Part Process

The Customer Identification Program (CIP) requirements have been in effect for over 20 years now...

New Employees: Knowing Your Customer

For someone new to banking, the concept of “knowing your customer” can seem a little foreign and...