Latest Operations - Bank Protection Act Topics

A financial institution on the east coast was fined $368,000 this August for money laundering violations.

There is an old saying about bankers that goes something like:

"Charge 'em six percent, pay 'em three,

In the office by nine, on the golf course by three"

"DEATH PENALTY" REVISED

Comment is to be to the Federal Reserve Board of Governors by June 4 on the revision on Reg P (Minimum Security Devices and Procedures). EDITOR'S NOTE: This article was originally written in 1990.

ROBBERY RESPONSE TRAINING TAKES ON NEW IMPORTANCE

Whether we like it or not, the role of the financial institution's security officer is going to include much more responsibility in the near future.

The Bank Protection Act calls for the training of employees in their responsibilities during robberies.