Banker's Compliance Consulting Blog

Obtaining Customer TINs

On June 27th, FinCEN issued an Order that provides banks with greater flexibility when it comes to...

BSA/AML/CFT: Drug Trafficking

When we talk about “trafficking” from a BSA/AML/CFT perspective, it can include a wide variety of...

TISA: Change in Terms

When someone opens a new deposit account, the Truth in Savings Act (Regulation DD) requires that...

Section 1071 Delay Insights

As we reported back in June, the CFPB published an Interim Final Rule that officially delayed the...

Suspicious Activity: When to Escalate

Financial institution employees need to be on the lookout for anything that seems unusual or...

TISA & Fraud

During our Monthly Connection, we received a question about closing a customer’s account due to...

Affiliated Business Arrangement Disclosure

We recently received a couple of questions regarding the Affiliated Business Arrangement...

Regulation Z: Payment Processing

Deciphering the specific requirements for crediting consumer loan payments as required by ...

Privacy Notice Formatting

Institutions are required to provide a Privacy Notice to consumers when a new, ongoing customer...

Completing CTRs: Part IV Filing Institution Contact Information

When filling out a Currency Transaction Report (CTR), you would think that completing your...