Compliance Action, Volume 27, Number 4

AML
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

• FDIC Updates Rules to Correct Name of National Center for Consumer and Depositor Assistance
• FTC Considering Trade Rule on Commercial Surveillance and Data Security
• FRB Issues Final Account Access Guidelines
• FDIC Advisory on FDIC Insurance and Crypto Companies

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.

CRA
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

Editorial
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

• Calling Customers Who are on the National DNC List
• Fair Lending and Denial for Type of Credit Not Offered

Compliance Online
Minority Depository Institutions (MDI) Program