Banking compliance touches several aspects of banking – ALL of them in fact! Whether you work on the deposit side or the loan side of the bank, you have many rules to follow. Do you ever wonder why?
The short answer is that banks are special.
FridayJune 09, 2023
2023 De-Risking Strategy—What you need to know and do
In October 2019, FinCEN made a clumsy announcement of changed filing instructions for CTRs, only to postpone the effective date three months later, in January. Another change issued in October was corrected in November 2019.
WednesdayAugust 16, 2023
BSA & OFAC Annual Training for the Board of Directors
Our Board members require foundational and updated BSA and OFAC training. While the word annual is never used in the regulation or the exam manual, the requirement to keep the Board updated becomes at least an annual event.
On-Demand Webinars about Bank Secrecy Act (BSA) and AML
Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements tak
The 2020 AML Act encourages financial institutions to explore innovative solutions for suspicious activity monitoring. Many institutions either are already or are considering automated solutions to aid in this process.
During this program we will cover many teller regulatory and compliance issues. We will look at your signature contract, state and federal rules regarding the handling of checks. You will review some fundamentals but move