Compliance Hot Topics
At the 1996 ABA Compliance Conference, the panel of regulators was asked what they considered to be "hot topics" in compliance for the coming year. Their answers: Fair Lending will continue to be a top priority and take on new dimensions. Bank Secrecy will be a priority with particular attention on money laundering and "know your customer." OFAC, or the Office of Foreign Asset Control will play a larger role. Finally, Truth in lending is always a hot topic.
Copyright © 1996 Compliance Action. Originally appeared in Compliance Action, Vol. 1, No. 10, 6/96
First published on 06/01/1996