NEXT EVENT – July 13 – HAMB brings DFI to explain AML and SARs

WHAT:  Seminar on the Ins and Outs of the FinCEN’s AML and SAR requirments for non-bank lenders and the Policy that will be required

SPEAKERS: Iris Ikeda Catalani (DFI) and Kathy Alexander      

WHEN: July 13, 2012

WHERE: 745 Fort Street, Room 101/102

TIME: 9:00 am to 11:00 AM

WHY: EFFECTIVE COMPLIANCE DATE IS 8/13/2012

COST:  FREE (However we ask that you register ONLINE so that we may plan accordingly)

Click this url link to register:   http://www.eventbrite.com/event/3830204244
Summary:

What is it?

The Financial Crimes Enforcement Network (FinCen), a Bureau of the Department of the

Treasury, recently published final rules regarding the requirements for Residential Mortgage

Lenders and Originators (RMLO) to establish a Customer Identification Program (CIP) antimoney

laundering program (AML) and file suspicious activity reports (SAR) under the Bank

Secrecy Act (BSA).

 

There are 3 main groups of polices and procedures that must be created:

1. An Anti-money Laundering (AML) program

2. A Customer Identification Program (CIP) program

3. A program for how and when to submit Suspicious Activity Reports (SAR)