I have come to a new bank and the BSA Policy is riddled with procedures, processes, and "extras" it doesn't need. So I am going to write a new policy with separate procedures. That part I am fine with. But when I go to the Board for the approval of the new policy what do I do? In my past when I made changes to policy I would do a memo highlighting the significant changes. Well the main content obviously will be the same, but a totally different layout. Any suggestions on how I present this to the Board? Does it matter? The "meat" of the policy is the same...... Appreciate any feedback.
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CAMS