Banker's Compliance Consulting Blog

Privacy: Annual Notice Requirements

The Privacy rules have been around for twenty-plus years or so, and for a good part of that time,...

Currency Transaction Reports: The Why

Bank Secrecy Act requirements are crucial when it comes to detecting and preventing financial...

BSA: New Employees & Suspicious Activity

New employees of a financial institution have a huge learning curve. Not only do they need to...

BSA Risk Assessment

A BSA/AML Risk Assessment is a crucial component of your overall BSA/AML Program. Your Risk...

BSA/AML: Customer Risk Profiles

Developing a customer’s risk profile is essential to a sound BSA/AML program. Banks should have...

BSA/AML: Beneficial Owners

The purpose of BSA/AML requirements may be a difficult concept to grasp for new employees,...

Flood Insurance: Determining Insurable Value

When determining the amount of flood insurance necessary for a building located in a Special Flood...

RESPA’s Section 8 Prohibitions

A recent Advisory Opinion related to RESPA’s Section 8 prohibitions was released by the CFPB in...

BSA & Monitoring

Monitoring is a key component of your BSA/AML program. It is imperative that you have systems in...

Beneficial Owners for Lenders

The Beneficial Owner requirements apply to legal entity customers who open an account that could be...