Mortgage Companies - you now have significant anti-money laundering, counter-terrorist financing and sanctions responsibilities and should have protections in place.
If you haven’t done so yet, here are the steps you need to take to implement a compliance program:
🟠 Name a compliance officer
🟠 Document your anti-money laundering risk and management plan
🟠 Document your compliance policies and procedures
🟠 Document a training plan and deliver training to your staff
🟠 Conduct a review of the effectiveness of your program every 2-years
If you are a mortgage company that needs help with anti-money laundering, our dedicated team of mortgage and real estate experts can develop compliance programs that minimize the impact on client experience, while leveraging existing processes.
Reach out to an AML Mortgage expert today.