Bank Discontinuance: Anti-Money Laundering Compliance Program

Published: Mon, 04/20/15

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There's a new Post about "Bank Discontinuance" and steps to take to create compliance programs for small dollar credit lenders.
http://paydayloanindustryblog.com/?p=3177 WARNING: It's lengthy BUT worth the PAIN you'll avoid by reading it.
NOTE: This document is intended to outline steps you can take to ensure that your compliance program is adequate. This Post is written for the examiners. It spells out exactly what they're looking for and thus, the tactics you must employ to avoid problems with state and federal examiners. It was originally written by the BSA. It includes "TRANSACTION TESTING TOOLS USED BY EXAMINERS."

Tell me! Are you still "freaked out" by the Richmond, Virginia field hearings? Jer@PaydayLoanIndustryBlog.com
REMINDER: subscribed to my small dollar credit updates on . Click this link to unsubscribe NO HARD FEELINGS, Jer!