Community Banking Corner

Community Banking Corner

Community Banking Corner is a new ACAMS Today section that will provide useful tips for Bank Secrecy Act/anti-money laundering (BSA/AML) professionals in community banks to help them in their day-to-day jobs. The Community Banking Corner will focus on all aspects of BSA/AML from de-risking and its effects on smaller banks to efficiencies that can help BSA/AML professionals in community banks. We plan to cover many topics in the ACAMS Today magazine and on ACAMSToday.org.

So, if you are a community banker with topic ideas you would like to have discussed, please send them to robert.soniat@bankatunion.com.

Community Bankers and Working with Law Enforcement

In this inaugural article, on behalf of community bankers everywhere, I want to send a special thank you to the entire law enforcement community for all their hard work and sacrifice to help make the world a safer place.

As a community banker, it is important to make connections with the law enforcement community. From local to federal law enforcement it is essential to be able to reach out to those individuals. Whether it is asking “what if” questions, running scenarios by them or having law enforcement come to the bank to give training, it is an important part of being in a BSA/AML community bank.

In some cases, the communication with law enforcement can lead to better documentation for bankers and better intelligence for law enforcement. It is important to remember as bankers to play within the banking rules while helping law enforcement catch the bad guys.

Making those connections and keeping the communication constant helps both law enforcement and bankers work together to fight financial crimes.

Robert J. Soniat (Joe), CAMS-FCI, BSA officer, Union Bank and Trust, Glen Allen, VA, USA, robert.soniat@bankatunion.com

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