Nick Bonnema, JD, CRCM
Manager
Nick Bonnemais a member of the financial institutions practice’s regulatory compliance team at Wipfli LLP. He has more than 10 years of financial institution experience, specializing in regulatory compliance; Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) consulting, and performing validations of automated surveillance monitoring systems; 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 and implement post examination remediation and enforcement action resolution. 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
Professional memberships and activities
- Minnesota State Bar Association (MSBA) - Member
- Presenter for regional and state industry organizations
Areas of Focus
- Regulatory compliance examinations
- Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) data integrity reviews
- Fair lending performance evaluations
- Regulatory compliance management and risk assessment consulting
- BSA examinations
- Automated surveillance monitoring system validations
- Customized training presentations
Education
University of North Dakota- Bachelor of arts degree in political science and philosophy
- Juris Doctorate
Recent Insights
Articles
Maximum overdraft: NSF edition
Jul 21, 2022
Mortgage servicing in the time of COVID-19
Sep 06, 2021
Revisiting the Fair Debt Collection Practices Act
Mar 01, 2021
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
New consumer protections on the horizon
Feb 25, 2021
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