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Bankers' Hotline, Volume 23, Number 2

February 15, 2013

Final FATCA Rules Released

by Genilee Parente

Long-awaited final rules released by the IRS in January enforce a law passed in 2010 designed to fight tax evasion via offshore accounts.

New Compliance Tool

by Genilee Parente

A new compliance tool is available to help financial institutions around the world comply with new FATCA provisions.

In The News

Statistics, Facts, & Such

Regulatory Update
FDIC Amends Section 19

Training Page
Guidelines for Completing the New SAR Form

by P. Kevin Smith, CPP

Significant updates made to FinCEN's Information Technology systems require the use of new SAR and CTR forms effective in March.

Banks Gain Share in Satisfaction Survey

Consumer satisfaction with banks vs credit unions is steadily improving.

Discover Testing Biometrics

Employees at Discover are helping the company test out a new biometric payment system.

From the editor's desk
Finally, a Better SAR

by P. Kevin Smith, CPP

As you prepare for the new SAR and CTR forms to be filed begining in March, it's a good time to reflect on the importance of the SAR filing process.

War Stories

Questions & Answers

Other Bankers

Executive Director:
Barbara Hurst
P. Kevin Smith, CPP
Contributing Editor:
Genilee S. Parente
Board of Advisors:
John S. Burnett
Peter G. Djinis, Esq.
William Gearin
Lucy H. Griffin
Mary Beth Guard, Esq.
David McGuinn
Robert G. Rowe, III, Esq.
Barry Thompson
Dana Turner
Andy Zavoina

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