Banker's Compliance Consulting Blog

FinCEN Issues Geographic Targeting Order

On March 11th, FinCEN issued a Geographic Targeting Order (GTO) to combat money laundering and...

TISA: Fee Terminology

One requirement of the Truth in Savings Act is that institutions use consistent fee terminology....

Truth In Lending: Rescission Period

Truth in Lending (Regulation Z) provides borrowers a “cooling off period” for certain types of...

Compliance Management Systems: Risk Assessments

One of the pillars of a Compliance Management System (CMS) is Risk Assessment. Before you can even...

Components of a Money Laundering Scheme

Frontline personnel have a unique vantage point for identifying potentially suspicious activity...

Qualified Mortgages & Safe Harbor

The purpose of Regulation Z’s Ability to Repay and Qualified Mortgage (QM) requirements are all...

BSA-AML-CFT Non-Profit & Charitable Organizations

Back in November 2020, the Agencies issued a Joint Fact Sheet on Bank Secrecy Act Due Diligence...

Clips from Feb. AML/CFT Group

BSA/AML/CFT: Non-Profit & Charitable Organizations

MLA Covered Borrower Status

For Military Lending Act purposes, a covered borrower is any member of the military (or a...

Customer Due Diligence for Lenders

A key aspect of BSA/AML/CFT compliance is knowing “who” your customer is. For example, lenders are...