Banker's Compliance Consulting Blog

BSA/AML: Manual Monitoring Systems

When it comes to monitoring for suspicious activity as part of your BSA/AML program, your...

HMDA & Business-Purpose Home Equity

A HMDA reportable loan is one that is dwelling secured and is made for the purpose of purchasing a...

Privacy: Annual Notice Requirements

The Privacy rules have been around for twenty-plus years or so, and for a good part of that time,...

Currency Transaction Reports: The Why

Do you have burning questions related to BSA/AML compliance? Struggling with Beneficial Owners,...

Rescission Notice Signatures

Did you know that Regulation Z doesn’t technically require the Right of Rescission notice to be...

Currency Transaction Reports: The Why

Bank Secrecy Act requirements are crucial when it comes to detecting and preventing financial...

CFPB Addresses Reopening Previously Closed Deposit Accounts

The CFPB recently issued Circular 2023-02 to address a potentially unfair practice of reopening...

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...