Banker's Compliance Consulting Blog

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...

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...