Renee Snell has been promoted to serve as the Bank's BSA and OFAC Officer. Celebrating 30 years of service to our Bank this month, Renee began her career at CNB in 1993 as a CSR, and served as a mortgage processor before joining the Bank’s BSA Department in 2003, where she has played an instrumental role in helping to develop the Bank’s BSA program.
For example, she has assisted with the implementation of the Customer Identification Program, Money Service Business Program, Ultimate Beneficial Ownership rules, and the Marijuana Related Business Program. She also currently assists with the annual Money Laundering Risk System report to OCC, external BSA Audits, and OCC exams. In 2014, Renee earned ACAMS certification, through the Association of Certified Anti-Money Laundering Specialists, which is one of the highest certifications that can be earned in this field.
In compliance with the Bank Secrecy Act, financial institutions are required to have necessary controls in place to deter and detect money laundering, terrorist financing and other criminal acts, and the potential misuse of our nation's financial institutions as it relates to these type of activities.
OFAC stands for the Office of Foreign Assets, and all banks must comply with OFAC regulations to guard against activity that relates to hostile foreign governments, terrorists, international drug traffickers, and other organizations and individuals who are a threat to the national security, economy and foreign policy of the U.S.
Renee is the proud mom of a son and a daughter: Matthew is a Captain in the U.S. Army, and Kari Snell is a second year student at the University of Southern Mississippi. Renee’s community involvement includes serving as the Treasurer of the South Mississippi Trail Alliance for the past two years. As a mountain bike enthusiast, Renee enjoys serving this non-profit organization that develops and maintains hiking and biking trails in south Mississippi, including three trails in the Hattiesburg area.
Congratulations, Renee, on your recent promotion. We are very fortunate to have you on our team!