Banker's Compliance Consulting Blog

Corporate Transparency Act Update: Legal Rollercoaster for Banks

For bank compliance professionals, staying up to date on the Corporate Transparency Act (CTA) has...

Corporate Transparency Act Enforcement Update

The enforcement landscape surrounding the Corporate Transparency Act (CTA) has taken another sharp...

Deepfake Media Fraud Schemes

Artificial intelligence (AI) is a hot topic right now and while it is very useful in certain...

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....