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#2152054 - 11/02/17 03:02 PM Does mortgate subsidiary need own BSA Officer?
Anonymous
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Assume a bank has a wholly-owned residential mortgage lending subsidiary. Not a department of the bank, but a wholly-owned subsidiary. The bank itself has a BSA Officer. Does the wholly-owned residential mortgage lending sub also need a board-appointed BSA Officer? We know from FinCEN in 2012 that non-bank RMLOs need an appointed AML Officer. But this RMLO is owned by a bank. Does anyone have ideas on this one?

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#2152186 - 11/02/17 08:38 PM Re: Does mortgate subsidiary need own BSA Officer? Anonymous
kw004h Offline
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Joined: Nov 2009
Posts: 219
Chicagoland, IL

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