Banker's Compliance Consulting Blog

BSA: New Employees & Suspicious Activity

New employees of a financial institution have a huge learning curve. Not only do they need to...

HMDA Preapprovals

It’s quite common for financial institutions to use the terms “prequalification” and “preapproval”...

BSA Risk Assessment

A BSA/AML Risk Assessment is a crucial component of your overall BSA/AML Program. Your Risk...

Flood Insurance for a Detached Garage

The Flood Insurance requirements apply when a property securing a loan is located in a Special...

Business Days for Rescission

The Right of Rescission applies to any consumer credit transaction in which a security interest is...

BSA/AML: Customer Risk Profiles

Developing a customer’s risk profile is essential to a sound BSA/AML program. Banks should have...

BSA/AML: Beneficial Owners

The purpose of BSA/AML requirements may be a difficult concept to grasp for new employees,...

Adverse Action Notices: Specific Reasons for Denial

When you take adverse action on an application for a credit product/service, Regulation B requires...

Section 1071 Misconceptions & Takeaways

It’s been about a month and a half since the Section 1071 Final Rule was issued and we are...

Sanctions Evasion

You may have noticed that FinCEN has been incredibly busy pushing out new guidance in the last year...