Why a Bank VP got her Master of Accounting degree (and why you should, too)
Why should I pursue a Master of Accounting degree instead of an MBA?
Do you have a recommendation on who within the bank should be responsible for establishing/writing procedures pertaining to the new requirements for processing Garnishments?
What should an institution's general strategy be in implementing a Risk Management Program?
Is there an OCC, FDIC, FinCEN or FFIEC regulation surrounding returned customer mail such as statements and bank correspondence which a bank needs to adhere to?
Should the BSA Officer report directly to the board of directors?
Failures in lending compliance can cost as much as $14,000,000. That's the amount one lender will have to pay for unfair lending practices and compliance failures.
Yet another bank has fallen under a BSA examination. The Federal Reserve System recently announced a written agreement with Deutshe Bank Trust Company Americas.
According to the FDIC's BSA examination procedures dated 10/17/03, the financial institution needs to maintain appropriate records of search results under the USA PATRIOT Act Section 314(a). I'd like to know what kind of recordkeeping would satisfy the regulatory requirement. Do we need to keep FinCEN's requests on file? Why or why not?
Up to now, we've discussed the security aspect of the Security Officers role and responsibilities.