FinCEN says that “Banks specifically are expected to “obtain information at account opening sufficient to develop an understanding of normal and expected activity for the customer’s occupation or business operations.” In short, to understand the typ
Websites are not a secondary means of advertising or information delivery. Risks are increasing as banks increase the functionality of their sites and customers go to their web addresses more than their branches.
When your account holder's name does not match for IRS purposes, you are sent a CP2100 and your financial institution has to being the B notice process and often times backup withholding on your customer. This is time consuming and expensive.
So many “rules.” And piles of policies combined with an endless list of procedures, many of which don’t seem to make sense or seem like overkill. Is it really necessary to follow them all? Yes, actually it is. What you may not understand is why.
Do you need help with the Escrow compliance requirements? Join us for a two-hour Escrow compliance webinar. If you’re looking for Escrows in plain English, this is the ticket!
Recorded on August 23, 2017
Part II - Flood Insurance Compliance - A Two-Part Companion Webinar Series
Have you heard the latest on flood insurance compliance? Join us for a two-part webinar series covering the flood insurance compliance requirements. This is four hours of training divided into two companion webinars without duplication.
Recorded on August 16, 2017
Part I - Flood Insurance Compliance - A Two-Part Companion Webinar Series
Have you heard the latest on flood insurance compliance? Join us for a two-part webinar series covering the flood insurance compliance requirements. This is four hours of training divided into two companion webinars without duplication.
Finally, more than six years after starting the process of bringing its Regulation CC up to date, the Federal Reserve has issued a final rule that will complete only part of the job.
Does your bank have a new compliance officer? Does it have or need an enhanced compliance program? If you are starting or restarting a compliance program, begin with the fundamentals.