Mortgage AML Insights

You can't just check the box on generic AML compliance anymore. Here I comment on FinCEN's new proposed rule on BSA compliance.

Risk assessments are becoming increasingly crucial for mortgage lenders, especially with the latest FinCEN proposal that could soon mandate such practices across all financial institutions.

The proposed rule introduces risk assessments as a "sixth p...

Kabbage, a financial services company, is accused of profiting from fraudulent loans during the COVID-19 pandemic. According to the US Attorney’s statement, the settlement addresses claims that Kabbage profited off of fraudulent loan applications. Th...