Compliance Anchor Overview

By Kevin Martin, CRCM, CAMS
Compliance Anchor Consultant 

Compliance Anchor is one of ACBB’s best-kept secrets! Many of you are new to ACBB and/or Compliance Anchor and may only be aware of us as webinar providers. There is so much more to tell! Here’s an overview of what Compliance Anchor does for community financial institutions:

Veterans’ Venues – Let Compliance Anchor do all the reading through the month for you and bring your institution the news in bullet point format with links to the original documents included. Compliance Veterans’ Venues includes an expanded section on a specific topic. One of the best parts of these sessions is the networking opportunity. Members are able to poll the group or discuss topics of interest with one another during these online sessions. We also share documents and Q&A’s within our membership.

Upcoming Webinars:

  • What You Need to Know About Cryptocurrency - June 12, 2018 2:00 PM – 3:00 PM EST
  • The Rise of the Chief Risk Officer - Your Purpose and What's Expected of You - August 21, 2018 2:00 PM – 3:00 PM EST
  • Fintech and Crowdfunding: A New Frontier - October 23, 2018 2:00 PM – 3:00 PM EST

Compliance Anchor Subscription - Just $99 a Month for Shareholders! - We offer about 38 web events a year comprised of our monthly BSA and Compliance Veterans’ Venue Webinars (24 events) and a variety of topic specific webinars (12+ events). Some webinars do qualify for CAMS credits for the BSA webinars or CRCM credits for the compliance webinars. Most events are recorded and posted to an archive website for our subscribers. The Compliance Anchor Subscription also qualifies you for a discounted price on our training and consulting services.

Training –We provide board of director training on site or remotely to fulfill your board’s annual compliance and BSA requirements. We can be engaged to develop custom site training for your staff on a variety of topics such as BSA, Fair Lending, or HMDA. We also run day schools. Currently Nancy Lake, Compliance Anchor Director, is teaching Beyond the Basics of BSA School in two locations:

  • May 31 & June 1 - Courtyard Marriott, Marlborough, MA
  • June 25 & 26 - Courtyard Marriott, Kingston, NY

Consulting – From one time projects to annual Compliance Monitoring plans we are here to offer the assistance you need with an experienced staff of certified compliance and BSA experts, and attorneys. Some representative projects we have worked on over the past 12 months include compliance monitoring, CRA Program and data integrity review, HMDA data integrity review, and a flood portfolio review. Other areas we provide assistance include:

  • Compliance/BSA Program Review
  • Policy Review
  • Advertising Reviews
  • Consumer Disclosure Reviews
  • Exam & Audit Preparation
  • Remediation Assistance
  • Compliance Committee Advisory

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