Banker's Compliance Consulting Blog

Breaking News: Beneficial Owner

We have some breaking news regarding the attempts to modernize the beneficial ownership rules. You...

Top Violations: TISA Consistent Terminology

One violation that our Review Team finds pretty consistently is the Truth in Savings Act (...

Top BSA Violations: CIP

At our Virtual BSA/AML Conference in November, there was a session on “Top BSA / AML Violations &...

Components of a Money Laundering Scheme

The Bank Secrecy Act was implemented to help detect and prevent money laundering and terrorist...

RESPA Section 8: Digital Marketing Comparison Platforms

Back in February 2023, the CFPB issued an Advisory Opinion to alert institutions to the...

AML/CFT Changes are Coming!

You may have heard about the Proposed Rule to strengthen and modernize financial institutions...

Top Violations: Application Date

There really isn’t a regulatory requirement to document the application date within your loan file....

Join the AML/CFT Membership Group!

Due to the overwhelming success of our 1071 Thought Leadership, Implementation & Planning Group, we...

Board BSA/AML Training: Understanding the Why

You’ve likely heard us talk about the importance of implementing training that is appropriate to a...

RESPA Section 8: Thing of Value

Section 8 of RESPA prohibits the payment and/or receipt of a fee or thing of value in return for...