Banker's Compliance Consulting Blog

FinCEN Alert News

In mid-December, FinCEN issued an Alert to bring awareness to “Fraud Schemes Abusing FinCEN’s Name,...

BSA/AML/CFT Risk Assessment

Risk assessments are more than just a box to check off on your compliance “to do” list, they are...

CFPB Seeks to Stop Illegal Kickback Scheme

On December 23, 2024, the CFPB filed suit against Rocket Homes, The Jason Mitchell Group, 45 of its...

Customer Due Diligence: What to Look For

Customer due diligence is all about knowing your customers. You want to gather enough information...

Commercial Lenders: Fair Lending Hot Spots

It’s no secret that the regulatory compliance requirements for commercial loans are far less than...

Crypto/Virtual Currency Risks

Chances are you have customers involved with crypto and/or virtual currency. Whether they are just...

Exception Holds for Redeposited Items

Regulation CC outlines when institutions can delay deposited funds using an exception hold. These...

BSA/AML/CFT Happenings

Did you miss our “BSA/AML/CFT New Year Update” webinar a few weeks ago? It was full of great...

BSA/AML/CFT Hot Topics

In our recent “BSA/AML/CFT New Year Update” webinar, Kevin Edwards shared several topics that will...

Customer Due Diligence/Beneficial Owners: Updating Customer Information

The Customer Due Diligence (CDD) and Beneficial Owner (BO) requirements are not a one and done. In...