BSA/AML Updates

Be sure to JOIN US on January 7, 2021, for our webinar, “BSA/AML New Year Update”. 

In November, we received some BSA guidance in the form of a joint fact sheet related to the due diligence requirements and expectations for charities and nonprofit organizations. This is something that was a long time coming and the response was related to the COVID-19 pandemic.  There were a lot of charities and nonprofit organizations that were having difficulty obtaining banking services because they were higher risk from a BSA perspective.  Why is that?

Click on the video to listen to Kevin explain more.

Find out more about BSA – https://www.bankerscompliance.com/regulations-we-cover/the-bank-secrecy-act-bsa/

Published
2020/12/28

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