A bank's compliance policies and procedures are key components of its compliance program. Examiners typically target for testing those areas where the program appears weak. Compliance program documents are often too general or are "borrowed" from another bank and may not "fit" your bank. This can pose major examination concerns as examiners will determine whether a bank is following its own polices and procedures --- and citing the bank if it isn't.

Our objective is to develop policies and procedures that reflect the unique character of each bank while assuring that an effective program is established.

• We incorporate existing practices to the extent they are satisfactory.
• New procedures are developed with input from bank staff to maximize the likelihood that the approach can be effectively implemented.
• Care is taken to reflect examination comments.
• We apply our knowledge, not just of what the regulatory requirements are, but of approaches that have worked to help assure compliance with those requirements.
• Where appropriate, we incorporate practical aids to help assure compliance.

To contact us:
Phone: 207-650-4665
Email: Compliance@mmconsulting.info