FinCEN’s new Anti-Money Laundering Requirement for Mortgage Lenders
It’s a challenge to stay ahead of the game with all the regulatory changes affecting mortgage lending. FinCEN’s new requirement for Anti-Money Laundering compliance for non-depository financial intuitions will affect every mortgage lender and broker. This new requirement must be completed, including, training for all employees by August 13, 2012. Don’t risk being out of compliance in getting trained on the Bank Secrecy Act, FinCEN, Suspicious Activity Reporting, Mortgage Fraud, CFPB requirements and much more. This training will include the required information to get employees trained on how to identify Red Flags and compliant SARs processes as well as testing to ensure understanding of these requirements.
Topics Include:
(NOTE: For FinCEN Requirement Summary click here)
It’s a challenge to stay ahead of the game with all the regulatory changes affecting mortgage lending. FinCEN’s new requirement for Anti-Money Laundering compliance for non-depository financial intuitions will affect every mortgage lender and broker. This new requirement must be completed, including, training for all employees by August 13, 2012. Don’t risk being out of compliance in getting trained on the Bank Secrecy Act, FinCEN, Suspicious Activity Reporting, Mortgage Fraud, CFPB requirements and much more. This training will include the required information to get employees trained on how to identify Red Flags and compliant SARs processes as well as testing to ensure understanding of these requirements.
Topics Include:
- Bank Secrecy Act(BSA)
- FinCEN (Financial Crimes Enforcement Network)
- Suspicious Activity Reports (SARs)
- Office of Foreign Assets Control (OFAC)
- Customer Identification Program (CIP)
- Anti-Money Laundering (AML)
- Mortgage Fraud
- Record Retention Requirements
- Penalties for Violations
- Red Flags
- Customer Identification Program
(NOTE: For FinCEN Requirement Summary click here)
Licensing and Compliance Solutions for:
Mortgage Brokers | Mortgage Lenders | Mortgage Servicers | Mortgage Bankers | Mortgage Lead Generators
Mortgage Brokers | Mortgage Lenders | Mortgage Servicers | Mortgage Bankers | Mortgage Lead Generators