BSG Blog
What Your Declines and Withdrawals Say About You
The regular review of the declines and withdrawals is a common practice at the banks. In fact a secondary review of decline notices and withdrawals…
BSA is Good for You and Especially Good for your High Risk Customers!
We hope that title got your attention! It certainly got our attention when the comptroller of the currency Tim Curry said it recently! When Mr….
Why is there a Regulation C?
As anyone in compliance can attest to, there are Myriad consumer compliance regulations. For bankers, these regulations are regarded as anything from a nuisance, to…
Credible Challenge, Risk Management and Compliance
For several years now, regulators have talked about enterprise wide risk management(“ERM”). Often times however, when you ask someone to describe, it becomes a “shaggy…
EDD – The Place Where Marketing and BSA Come Together
Enhanced Due Diligence (EDD) and Customer Due Diligence (CDD) are two areas of close focus of the regulators. The need to enhance EDD is one…
The Case for Complex Training
While the BSA/AML regulations are the only ones that directly mandate training courses annually, it is common knowledge that banks are expected to have and…
To Tweet or Not to Tweet
The fact is that innovation is one of the greatest traits of the US economy. The more we innovate, the more things grow and change….
Fair Lending-Should We Self-Evaluate?
Over the past few years, it has become clear that one of the areas of emphasis for examinations will be Fair Lending. For many of…