Banker's Compliance Consulting Blog

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...

Refinances & Modifications: Flood Considerations

In most cases, new Truth in Lending disclosures are not required when you modify an existing loan....

FCRA/FACT Act Red Flags

Financial institutions are required to have a written identity theft prevention program that is...

Elder Abuse Scams

Back in June 2022, FinCEN issued an Advisory (FIN-2022-A002) related to Elder Financial...