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BSA Exam Manual Updates on CTRs

You may have noticed FFIEC as been busy updating their Examination Manual.  While these updates don’t necessarily impose any new requirements, they are intended to provide some additional clarity in certain areas.  One such area was with respect Currency Transaction...

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Privacy

The Privacy rules have been around for a little over 20 years now and have become “old hat” for most institutions.  While there really hasn’t been much change to the rules in that time, there was a change several years back with respect to sending annual privacy...

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BSA Exam Manual Update

On June 21st, the Federal Financial Institutions Examination Council (FFIEC) once again updated the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.  As you may recall, there were also recent updates in February 2021 and April 2020. The exam...

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FinCEN ISSUES NATIONAL PRIORITIES

On June 30, 2021, the Financial Crimes Enforcement Network (FinCEN) issued the first government-wide priorities for anti-money laundering and countering the financing of terrorism (AML/CFT) policy (i.e., the “Priorities”).  These were required as part of the AML...

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Overdraft Opt-In

If you’re new to the deposit side of your bank or even if you’ve been around awhile, do you understand the Regulation E overdraft requirements?  This is an area that continues to cause confusion.  So, what exactly is the one-time debit card and ATM transaction opt-in?...

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Fair Lending Hot Spots

Fair Lending continues to be an area of focus for examiners and the CFPB.  It’s not something you should take lightly because it can get your financial institution into hot water. Jerod explains some fair lending hot spots in the video. https://vimeo.com/567557098...

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Compliance Officer Tips

Being the Compliance Officer isn’t always easy.  Managing compliance can be tough.  David share some of his tips to help compliance officers be more successful in the video. https://vimeo.com/547233373 Ready to learn more?  JOIN US for as we begin our six-part webinar...

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Importance of Suspicious Activity Monitoring (SAR)

Suspicious activity reporting is a cornerstone of your BSA/AML program.  Examiners will evaluate your program on how well your suspicious activity reporting policies, procedures and processes are working and also how well you are documenting all this information....

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