Veneshia Ferdinand, CRCM is Director of Compliance Policy at Simmons Bank, Fort Worth TX. Veneshia is also a Certified Community Banking Compliance Officer (CCBCO). Veneshia has 20 years of experience in Banking and Finance. Veneshia was Vice President for Compliance at Citizens Bank of Ada, Ada, Oklahoma and was employed there since 2002. Veneshia served as the head of the Compliance Management Program at Citizens Bank. In addition to being Compliance Officer, Veneshia was the BSA/AML Officer, OFAC Officer, Risk Officer, Privacy Officer, CRA Officer and Regulatory Trainer at Citizens Bank. Veneshia has a Bachelors in Business from the University of Pune, a Post Graduate Diploma in Business Finance from Symbiosis Institute of Management Studies in India and twenty years of experience in Banking and Finance in India and the United States.
04/08/2018
We're looking into eradicating NOW accounts. So far, there hasn't been any real negative discovered with making this change - other than some maintenance in the beginning. Is there something drastic we could be overlooking?
03/25/2018
Is it a requirement to add/update our USA PATRIOT Act notice at CSR desks and disclosures for the CDD/Beneficial Ownership requirements, at account opening?
03/11/2018
Does a bank have to continue to make escrow taxes and insurance on behalf of borrower when they have stopped making their monthly payments? In other words, they are about to be in default?
03/11/2018
If a SAR is submitted on the due date using an automated system is it considered to be on time or does it have to be accepted by FinCEN by the due date.
03/11/2018
We have hundreds of returned estatement notifications a month. It could be due to changing email address, inbox full etc. As long as it's spelled out in our disclosure that it's the customers responsibility to update their email address does that bank have a responsibility to follow up for a valid email address? Any advice on this subject would be great.