Banker's Compliance Consulting Blog

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...

BSA/AML/CFT Programs

Financial institutions are required to have a BSA/AML/CFT program that consists of certain...

Corporate Transparency Act Update

The legal drama surrounding the implementation of the Corporate Transparency Act (CTA), continues...

BSA/AML/CFT: Communicating with the Board and Management

Keeping the Board of Directors and Management informed about upcoming changes regarding...

Lender Responsibilities for BSA

BSA is all about helping our government thwart money laundering and terrorist financing. Whether...