Most Popular Compliance Content
High Risk? Anybody or Nobody?
06/18/2023
Who is high risk for BSA?
Is a wheel-spin game allowed?
06/11/2023
We have a “spin the wheel” promotion. To spin, a customer must donate $1 that the bank donates to a charity. All the prize amounts on the wheel are more than $1 therefore all customers will get more than they donate. The amount won is then sent to the customer via our e-wallet app. We set a certain number of spins and it is done on a first-come-first-served basis.
Legal counsel is a control person for BOI?
06/11/2023
Is the company’s staff legal counsel considered a control person for beneficial ownership?
Advertising-more than ECOA, TILA, TISA and Fair Housing
06/04/2023
Is following the standard Regs, B, Z, DD and fair housing going to ensure advertising compliance?
Required CTR Exemptions
06/04/2023
Are banks required to exempt customers for CTR filing limits? I've worked for banks in the past that never exempted anyone. We just filed CTR's on large cash transactions. So in short is there a regulation stating that banks need to exempt customers, or why is it done?