Compliance Action, Volume 17, Number 3

What is the State of Your BSA/AML Compliance? Are You Sure...Are Things Changing? (4 Action Steps)

By Mollie Sudhoff, CRCM, CRP

With every regulatory change that affects BSA/AML compliance comes increased scrutiny. At BOL's 2012 BSA/AML Top Gun conference, FinCEN's Tom Fleming shared his thoughts on the current state of BSA compliance.

Your Compliance Program: Learning From the Foreclosure Settlements (3 Action Steps)

By Lucy Griffin

Better than learning from our own mistakes is learning from other's mistakes. The agencies foreclosure settlement agreements with the largest mortgage lenders and service providers provides a compliance blueprint for all financial institutions.

Action Training
Compliance Program: Testing for UDAAP (Self-Assessment Questions)

By Lucy Griffin

When testing for UDAAP, keeping three elements and some basic rules in mind will help in determining violations and ensuring compliance.

Compliance Notes

• Electronic Filing-FinCEN
• CTR Deadline is Still 15 Days!
• Bureau Extends Date for Comments on Comments
• CIP Regulation to be Renewed
• BSA E-Filing Systems User Test System
• Free FDIC Deposit Insurance Training

Compliance Calendar

In the Editor's Opinion
When a Consumer Buys a House

By Lucy Griffin

Policies, procedures and programs focus on putting a product on the books but not on what happens - or where the responsibility lies - when something goes wrong.

Compliance Q & A

• Adverse Action Notice to Applicant With Fraud Alert Record
• Locating CFPB Regulations
• Pulling a Credit Report on Employees
• Adverse Action Notice for Loan Modification Request

Insiders Should Keep Information Inside

The FDIC has issued some guidance on the removal of supervisory records and other sensitive information that are the property of the FDIC or belong exclusively to the financial institution.