The Ultimate Regulatory Compliance Checklist – 2020
By: Julie on March 2, 2020
An essential part of maintaining your banking relationship is to amend your BSA/AML/OFAC Compliance Program as your business evolves. To help you stay on top of these changes, we have put together a list that will keep your policies and procedures up-to-date for 2020.  This comprehensive list was constructed by our team of CAMS professionals. They work closely with bank… Read More
Annual Compliance Checklist
By: Julie on January 14, 2019
The New Year is here and it is time to start off on the right foot by updating your BSA/AML/OFAC Compliance Program. To help with that, we wanted to share The Ultimate Regulatory Compliance Checklist to keep your policies and procedures up-to-date. Amending your BSA/AML/OFAC Compliance Program is an essential part of maintaining your banking relationship and keeping your audits… Read More
Hola- Compliance Servicios en Español
By: Julie on July 6, 2018
Nos complace anunciar que nuestros increíbles servicios de cumplimiento y soluciones tecnológicas ahora están disponibles con asistencia en Español. Entendemos que el cumplimiento normativo puede ser abrumador y si las cartas, los documentos y la capacitación no están en el idioma con el que se siente cómodo, eso intensificará el desorden. Con nuestra ayuda en español, tendrá a alguien que… Read More
FinCEN CDD Rule- The 5th Pillar
By: Julie on May 7, 2018
The Financial Crimes Enforcement (FinCEN) Network issued its Final Rule for Customer Due Diligence (CDD) under the Bank Secrecy Act (BSA) on May 11, 2016 with an implementation date of May 11, 2018. Covered financial institutions must identify at least a beneficial owner under the control criterion for each legal entity customer. Covered financial institutions may identify beneficial ownership by… Read More
New York Part 504 Regulation
By: Julie on January 30, 2018
The New York State Department of Financial Services (NYS DFS) enacted a new AML regulation, Part 504. In response to the shortcomings identified in transaction monitoring, the NYS DFS, which regulates financial, insurance, and banking industries in New York, ruled that the Banking Division Transaction Monitoring, Filtering Program Requirements and Certifications lacked robust governance, oversight, and accountability in regulated industries.… Read More
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