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On February 10, 2020, the Financial Crimes Enforcement Network (FinCEN) issued ruling (FIN-2020-R001) on currency transaction reporting (CTR) requirements, FinCEN Form 112, involving sole proprietorships and legal entities operating under Doing Business As (DBA) names. The changes will be effective April 6, 2020, September 1 for E-Filing batch filers. This ruling replaces FIN-2006-R003 and FIN-2008-R001. For sole proprietorships the ruling states: Complete a single Part I “Person Involved in Transaction” section with the individual owner’s […]

To all of the dedicated compliance professionals that we have the privilege to work with throughout the year, we wish you a healthy, prosperous, and fulfilling new year. Jack Holzknecht Amy Faust Robin Cooper Brent Vincent

All of us at Compliance Resource wish all of you the very happiest of Happy Holidays! We hope you enjoy an amazing day with family and friends. Jack Holzknecht Amy Faust Robin Cooper Brent Vincent

All of us at Compliance Resource wish you the happiest of Happy Holiday seasons!

2017 was a busy year for compliance. It looks like 2018 is lining up to be another big year as we complete implementation of HMDA, TRID revisions, and numerous other projects. In my 42-year career I have seen the pendulum swing from one extreme to another several times. Since the mortgage crisis 10 years ago we have been plagued with a huge volume of new and revised compliance laws and regulations. With the current administration […]