Tag: bsa/aml

Your Risk To-Do List: Following Up on New Customer Due Diligence Rules

Chances are you were ready when FinCEN’s new customer due diligence (CDD) rules requiring the…

Creating Reliable Risk Assessments: How to Measure BSA Risk

Part 3 of 4 Bank Secrecy Act, Anti-Money Laundering, and Office of Foreign Assets and…

Everything is Bigger in Texas – Like BSA Fines

What’s worse than a Bank Secrecy Act violation? Try a series of consent orders and…

How Did We Get Here?: A History of BSA

Have you ever seen one of those old homes that’s been built onto over the…

The BSA/AML Compliance Pep Talk You Need

Do you ever wonder what happens to all those SAR reports you file? You spend…

Ncontracts Acquires Supernal Software to Bring Customers BSA and Compliance Solutions

When I founded Ncontracts in 2009, my goal was to provide a way to make…

FinCEN: MoneyGram Compliance Officer on the Hook for $250,000 Penalty

Thomas E. Haider is a cautionary tale for compliance officers across the country. In one…

Western Unions Pays $184 Million for Ignoring Vendor Due Diligence

Western Union lets you wire money to 500,000 agent locations in 200 countries and territories…

Surrogate Regulators: The Vendor Management / Fintech Connection

If you build it, they will regulate it—but should they? That’s a question financial institutions…

BSA Meets Vendor Management

How necessary is it to document your vendor selection process? If a new law in…