Be sure to JOIN US on January 7, 2021, for our webinar, “BSA/AML New Year Update”.
In November, we received some BSA guidance in the form of a joint fact sheet related to the due diligence requirements and expectations for charities and nonprofit organizations. This is something that was a long time coming and the response was related to the COVID-19 pandemic. There were a lot of charities and nonprofit organizations that were having difficulty obtaining banking services because they were higher risk from a BSA perspective. Why is that?
Click on the video to listen to Kevin explain more.
Find out more about BSA – https://www.bankerscompliance.com/regulations-we-cover/the-bank-secrecy-act-bsa/
Published
2020/12/28