Banker's Compliance Consulting Blog

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...

What is Private Flood Insurance?

As of July 1st, 2019, financial institutions must accept a private flood insurance policy if a...

BSA for Operations: CTRs

BSA compliance is the responsibility of everyone in your institution. On the operations side, you...

BSA for Lenders: Customer Due Diligence

When it comes to BSA/AML compliance, there is a lot to understand and comply with. There’s your...

BSA for Tellers & CSRs: Currency Transaction Reports

While Tellers and Customer Service Representatives (CSR) might not be the ones that actually file a...

CDD for Marijuana-Related Businesses

When it comes to your BSA/AML program, you need to conduct customer due diligence on all of your...