Update Your Compliance Programs
As a new year approaches, a full year of rules and regulations has passed and that means it is time to update your BSA/AML program. In doing so, we want to share our ultimate regulatory compliance checklist to help get you on the right track.
Our team of CAMS consultants work closely with auditors all year long. They have compiled a list of items that need to be updated annually, at minimum.
ITEMS TO UPDATE IN 2018:
Renew Permits & Licenses
- Check Casher Permit
- Business License
- Fictitious Business Name Statement
- FinCEN Registration
BSA/AML
- Independent Review
- Risk Assessment
- Gap Analysis
- NEW or Annual Existing Employee Training
- New or Discontinued Money Services
- Changes in Check Cashing Fees
- Updated Corporate Check Cashing Policies
- Changes to Service Providers
- Updated Agent Verification Letters
CFPB Readiness
- CMS Independent Review
- Updated Collection Processes
- Changes in Ownership/Management Structure
- Lender Specific Training
- Complaint & Vendor Management Processes
NYDFS
- Cybersecurity Regulation
- Part 504 Rule
- Transaction Monitoring
If you would like assistance with keeping your BSA/AML program updated, contact us.
support@CapitalComplianceExperts.com
(855) 922-4325
Tags: Automated Transaction Monitoring, BSA/AML Programs, CFPB Readiness, Compliance Employee Training, Compliance Management System, Cyber Security Regulation, Gap Analysis, NY DFS, Part 504 Rule, Regulatory Compliance, Risk Assessment, State Licensing, Third Party Independent Reviews
