Blog Post
BSA Program Effectiveness During Crisis
- Mar 25, 2020
- By Dave Gowan
About the writer
Dave Gowan
Dave brings a unique blend of experience as a former investigator and compliance officer with multi-billion dollar asset financial institutions. Dave has a 16+ years of career experience from the armed forces, as well as over a decade in the banking industry; from financial crime & fraud investigation to complete BSA compliance responsibilities. Dave brings a pragmatic and practical approach to the industry, grounded in fact and working knowledge of financial regulations. Dave has been with PayLynxs for over ten years.
During the current crisis, questions have arisen regarding how to reduce the workload regarding transaction monitoring and other compliance-related tasks. The question, as simple as...
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Financial Crime Risk Management and the Current Pandemic
- Mar 20, 2020
- By Dave Gowan
About the writer
Dave Gowan
Dave brings a unique blend of experience as a former investigator and compliance officer with multi-billion dollar asset financial institutions. Dave has a 16+ years of career experience from the armed forces, as well as over a decade in the banking industry; from financial crime & fraud investigation to complete BSA compliance responsibilities. Dave brings a pragmatic and practical approach to the industry, grounded in fact and working knowledge of financial regulations. Dave has been with PayLynxs for over ten years.
Given the current situation worldwide, I thought it might be appropriate to discuss how the current coronavirus pandemic is affecting all financial institutions, whether international...
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High-Risk Customers: Where to Begin
- Feb 14, 2020
- By Dave Gowan
About the writer
Dave Gowan
Dave brings a unique blend of experience as a former investigator and compliance officer with multi-billion dollar asset financial institutions. Dave has a 16+ years of career experience from the armed forces, as well as over a decade in the banking industry; from financial crime & fraud investigation to complete BSA compliance responsibilities. Dave brings a pragmatic and practical approach to the industry, grounded in fact and working knowledge of financial regulations. Dave has been with PayLynxs for over ten years.
As a state or federally regulated financial institution, it’s important to have a grasp of what constitutes a high-risk customer as it pertains to BSA...
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FinCEN’s New CDD Rule: Significant and Unexplained Changes
- Feb 13, 2020
- By Dave Gowan
About the writer
Dave Gowan
Dave brings a unique blend of experience as a former investigator and compliance officer with multi-billion dollar asset financial institutions. Dave has a 16+ years of career experience from the armed forces, as well as over a decade in the banking industry; from financial crime & fraud investigation to complete BSA compliance responsibilities. Dave brings a pragmatic and practical approach to the industry, grounded in fact and working knowledge of financial regulations. Dave has been with PayLynxs for over ten years.
FinCEN’s Final Rule regarding Customer Due Diligence (CDD) Requirements for Financial Institutions[1] (The New CDD Rule on Beneficial Ownership) is wrapped around CDD Requirements for beneficial...
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