Most Popular Compliance Content
Updated Definition for Suspicious Activity (SAR)
02/19/2017
Where can I find an updated definition guide for the suspicious activity categories of a SAR?
RFPA Disclosure & Verification of Deposit (Reg P)
02/19/2017
I am currently working on an audit for the RFPA. We have several verification of deposit that come into our bank from state and local government agencies. For example, the local housing authority sends requests pertaining to the Federal Assisted Housing Program. Should we treat these requests as if they came from a federal agency and should they contain the RFPA disclosure?
Reg B Appraisal Notices & Commercial Loans: Lien
02/19/2017
In regards to Reg B appraisal notices and commercial loans: does the loan need to be secured by a first lien on a dwelling for the notice requirements to apply or is it any dwelling secured loan - regardless of lien position? For example, an LLC is securing a commercial loan with a 2nd lien on a dwelling, do they get the appraisal notice or not?
List of High Risk Customers Regulation (AML/BSA)
02/12/2017
What bank regulation is it that requires them to develop a list of high risk customers? OFAC?
Reg CC Extended Hold Notices
02/12/2017
Our front line staff creates the hold notice and then sends to the Fraud Dept to review and put on the system. Often times the front line does the Hold Notice Wrong. If we change the Hold Notice we send the customer a new one. If we decide the hold is not necessary are we required to send notification to the customer informing them their funds are available sooner then we originally informed them?