Nick Bonnema, JD, CRCM
Senior Specialist
Nick Bonnema is a member of the financial institutions practice's regulatory compliance team at Wipfli LLP. With over six years of experience, he specializes in regulatory compliance reviews; Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) consulting; and the mitigation of regulatory risk.
Nick works with financial institutions to address the overall administration of compliance directives, review and make compliance policy and procedure recommendations, and help senior management implement recommendations to meet the changing expectations of the financial services industry. His communication and research skills allow him to understand a client's specific needs and then use that knowledge to develop and deliver customized, sensible solutions.
Certifications
- Juris Doctor
- Certified Regulatory Compliance Manager
- Minnesota State Bar Association (MSBA) - Member
- Volunteer Lawyers Network (VLN) - Member
Areas of Focus
- Loan and deposit regulatory compliance reviews
- BSA examinations
- Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) data integrity reviews
Education
University of North Dakota- Bachelor of arts degree in political science and philosophy
- Juris Doctorate
Recent Insights
Articles
How to handle garnishments containing federal benefit payments
Aug 27, 2020
How to minimize risks with accounts opened online
Aug 29, 2019
Industrial Hemp: Background, Compliance, and Banking
Apr 26, 2019
Playing Well With Others: Applying Another Regulator’s Perspective to Your Financial Institution
Aug 27, 2018
You’ve Got (Suspicious) Mail: Email Compromise Fraud
Oct 29, 2017
BSA/AML Risk Management and Electronic Banking
Jun 19, 2017
Moving From Holiday Shopping to Processing Regulation E Error Disputes
Jan 01, 2017
The Dynamics of a Well-Written Suspicious Activity Report Narrative
Jan 01, 2016
Blogs
Stay up to date on rules and regulations
Jan 05, 2020
When You Have More Questions Than Answers
Feb 07, 2019
Webinars
Handling garnishments containing federal benefit payments
Aug 05, 2020