Banker's Compliance Consulting Blog

FinCEN Issues Orders Under Fentanyl Act

Pursuant to the FEND Off Fentanyl Act, FinCEN identified three Mexico-based financial institutions...

Identifying Red Flags

Each financial institution that offers or maintains covered accounts is required to develop and...

What is a Successor in Interest?

The term “successor in interest” is a legal term that applies to a lot of different areas…product...

Obtaining Customer TINs

On June 27th, FinCEN issued an Order that provides banks with greater flexibility when it comes to...

BSA/AML/CFT: Drug Trafficking

When we talk about “trafficking” from a BSA/AML/CFT perspective, it can include a wide variety of...

TISA: Change in Terms

When someone opens a new deposit account, the Truth in Savings Act (Regulation DD) requires that...

Suspicious Activity: When to Escalate

Financial institution employees need to be on the lookout for anything that seems unusual or...

Regulation Z: Payment Processing

Deciphering the specific requirements for crediting consumer loan payments as required by ...

Privacy Notice Formatting

Institutions are required to provide a Privacy Notice to consumers when a new, ongoing customer...

Completing CTRs: Part IV Filing Institution Contact Information

When filling out a Currency Transaction Report (CTR), you would think that completing your...