Case Study

HOMESTREET BANK

HOMESTREET BANK

Managing compliance, especially watch list screening, at a bank that has more than $6 billion in assets is a big job that requires extreme diligence. For Heather Sawle, associate vice president and BSA deputy officer compliance program manager at HomeStreet Bank, in Seattle, Washington, it is a constantly changing pursuit. “Regulatory compliance seemed so much easier back when I started nine years ago, but everything is much more technical now,” Sawle says. “It used to make sense to perform a lot of compliance tasks manually, but now, that’s not a practical use of time. You have to use an automated compliance system.” HOMESTREET GOES PRO To get away from the painstaking and inefficient manual process for ensuring compliance with regulations from the U.S. Treasury’s Office of Foreign

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