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Compliance Action, Volume 27, Number 4

August 31, 2022

AML/CFT National Priorities and Risks (3 Action Steps)

By Nancy Castiglione, CRCM

While regulators have not yet finalized BSA regulations to address how banks should incorporate the AML/CFT priorities into their BSA compliance programs, they are alerting FIs to these priorities and communicating the importance of the risks.

Compliance Notes

Action Training
BSA Suspicious Activity Training

By Nancy Castiglione, CRCM

BSA/SAR training that is personalized to your institution can also meet the “requirements” for effective training according to FFIEC examination guidance.

Minority Depository Institutions and CRA (2 Action Steps)

By Nancy Castiglione, CRCM

The OCC's recent updates to its Policy Statement on Minority Depository Institutions (MDI) can be a useful CRA resource.

Compliance Calendar

Regulatory Burden Estimates

By Nancy Castiglione, CRCM

While there are no regulations providing specific procedures or requirements for calculating the burden estimate for information collection, the Office of Management and Budget has provided some guidance.

Questions & Answers

Compliance Online
Minority Depository Institutions (MDI) Program

Nancy Castiglione, CRCM
Editor Emeritus:
Lucy H. Griffin, Esq.
Board of Advisors:
John S. Byrne, Esq.
Cliff E. Cook
David Dickinson
Julie A. Gliha, MBA
Carl G. Pry
Susan Rich
Robert G. Rowe, III, Esq.
Meg Sczyrba
Andy Zavoina

Compliance Action

Bankers' Hotline

Compliance Action