Anti-money Laundering: MHI’s Templates can Benefit non-bank Lenders

MHProNews has learned from the Manufactured Housing Institute, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which is charged with coordinating anti-money laundering rules covering over 100,000 financial institutions and businesses that may be utilized to support criminal enterprises, has instituted a new Anti-Money Laundering Program (AML) for anyone considered to be a residential mortgage loan originator. FinCEN’s Feb. 14, 2012 “Anti-Money Laundering Program and Suspicious Activity Report (SAR) for Residential Mortgage Lenders and Originators” requires lenders and /or originators to comply with the new rule by Aug. 13, 2012. In order for non-bank lenders, such as retailers and land lease communities to comply with the rule, MHI directed its attorneys at McGlinchey Stafford to develop templates for an AML/SAR Program. You can find those resources as free downloads at the end of the article linked here .

(Image credit: FotoSearch)

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top
blumen verschicken Blumenversand
blumen verschicken Blumenversand
Reinigungsservice Reinigungsservice Berlin
küchenrenovierung küchenfronten renovieren küchenfront erneuern