A two part series | Since the beginning of crime, there has been a need to hide the ill-gotten gains of criminal activity. Early bad guys held their loot in caves. Later, treasure chest provided a means of hiding criminal wealth. However, despite the form that ancient loot took, the goal was and has always been to reduce assets to currency so that it can be used…
There is a perceived inability or unwillingness on the part of banks to make small and medium enterprise (SME) loans. Entering the phrase “small business loans” into an internet search engine will return any number of horror stories about banks having greatly reduced or even stopped making small business loans, or banks who took a customer’s application, fiddled…
Getting to the Root of the Problem- An important Step to Strong Compliance
The compliance examiners are coming! It is time to get everything together to prepare for the onslaught right? Time to review every consumer loan that has been made and every account that has been opened in the last 12 months, right? Not necessarily! The fact of the matter is that the c…