Compliance Alliance

Post Compliance Services
Compliance Alliance

Membership Development Team
Bankers Alliance
P. O. Box 162407
Austin, TX 78716
Phone:  (888) 353-3933
Email
Website
Membership Contact Form

An expertly-staffed hotline, federal regulatory tools, policies and procedures, and unlimited reviews for small-to-medium community banks across the U.S. — the only all-inclusive banking compliance advisory. C/A’s nearly 1700 products and tools support 48 separate bank compliance areas –an unlimited-access Bank Compliance Library – conforms to the most recently published federal banking rules and regulations. Whether you are building institutional exam-readiness or a bank compliance program, C/A has all the resources, access, and availability for one membership subscription. Co-owned by the Virginia Bankers Association and 28 other state bankers associations across the country. Contact C/A’s Membership Development Team at (888) 353-3933 or at: info@compliancealliance.com. To learn more about C/A’s new Virtual Compliance Officer service or call (833) 683-0701.

Compliance Alliance Featured Q&A

Question:

Bank XYZ has a Phase II Exemption customer that is no longer eligible for the Currency Transaction Reporting (CTR) Exemption since they haven’t had five or more transactions over the CTR threshold in 2020. What do they need to do?

Answer:

Bank XYZ would need to start filing CTRs as appropriate and cease treating them as exempt. There is no need to backfile CTRs. For more information, visit Guidance on Determining Eligibility for Exemption from Currency Transaction Reporting Requirements (E: Customers no longer eligible for exemption).

Compliance rules and regulations change quickly! For timely compliance updates, subscribe to Compliance Alliance’s free email newsletters. Compliance Alliance also offers free demos to learn more about their services. To register for a demo, click here