Banker's Compliance Consulting Blog

Virtual Currency Risks

Crypto and/or other virtual currencies are inherently higher risk because they provide anonymity,...

CIP Is Just the Beginning

Your Customer Identification Program (CIP) is about knowing your customer. It’s designed to help...

Regulation CC Exception Hold Reasons

Regulation CC specifies when a financial institution must make the funds from a deposited item...

Customer Due Diligence & Virtual Currency

When it comes to crypto and/or other types of virtual currencies, what do financial institutions...

Why Is Beneficial Owners Important?

It’s no secret that the “bad guys” are usually a step ahead of regulatory compliance. They are...

BSA for the Board: What’s the Purpose of CDD?

Customer Due Diligence (CDD) is all about figuring out who your customers are. You gather...

RESPA Section 8: Referral Fees

We get questions all the time about paying referral fees, whether that be to third parties or an...

BSA for the Board: Risk Assessments

When it comes to BSA compliance, we like to say your risk assessment is your sword and shield....

RESPA Section 8: Paying for Settlement Services

Section 8 of RESPA states you cannot pay or receive a fee or thing of value in return for referring...

FCRA / FACT Act & Direct Disputes

If your bank furnishes information to a credit reporting agency, it is your responsibility to...