Banker's Compliance Consulting Blog

Beneficial Owners of Legal Entity Customers

Financial institutions are …are required to establish and maintain written procedures that are...

Automated BSA/AML Monitoring System Red Flags

Automated monitoring systems are a tool to help institutions identify potentially suspicious...

Flood Insurance Coverage Isn't Always as it Appears

The Flood Disaster Protection Act states that the required amount of flood insurance must be equal...

Updating Customer Risk Profiles

Customer Due Diligence requirements state in §1020.210(a)(2)(v)that an institution must implement...

TRID Applications & Strategic Collection

The TRID requirements found in Regulation Z state that, once a consumer has provided six specific...

1071 Final Rule

On May 1st, a Final Rule amending Regulation B was issued to implement the Section 1071...

Using Your Risk Assessment to Optimize Monitoring

A risk assessment is a key component of your overall BSA/AML/CFT program.It should not be a guess...

Completing a SAR Narrative

A Suspicious Activity Report (SAR) requires financial institutions to provide a lot of detailed...

2026 Deposit Forum

If you missed our FREE Deposit Compliance Q & A Forum on April 28th, it’s available now OnDemand...

Are You Subject to 1071?

A Final Rule amending Regulation B to implement the Section 1071 requirements was issued on May 1,...