AML training for Mortgage Sales and Operations

Posted by Krista Sabol on Jun 27, 2012 in Anti-Money Laundering, IMU Blog The Anti-Money Laundering (AML) and Suspicious Activity Reporting (SAR) section of the Bank Secrecy Act (BSA) will go into effect for lenders on August 13, 2012 and we can get you in compliance with AML/SAR webinar training and procedures for your staff .   The program outline is attached. The agenda sticks to the topics that originators, processors, underwriters and closers need to...
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Anti Money Laundering (AML) and Suspicious Activity Report (SAR) Proposal For Lenders and Brokers:

Posted by Krista Sabol on Feb 15, 2011 in Anti-Money Laundering, Quality Control / Audit, Rules Watch Financial Crimes Enforcement Network (Fin CEN) issued a notice of proposed rule(NPR) 12/6/10 to require ‘a loan or finance company’ to comply with Anti-money laundering programs and SAR reporting. (Yes, this would include lenders and brokers). The Secretary has authority to do so under the Bank Secrecy Act. They tried this in 2002 and it was pulled back to conduct studies on the impact...
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