Latest Compliance - GLBA Topics

Security and compliance officers need to work together implementing the new Same-Day Settlement rule that went into effect on January 3, 1994.

The Office of Thrift Supervision (OTS) had 131 examiners in the U.S. who focus on compliance and 826 who check on safety and soundness issues.

There were 11,081 community banks in existence at the end of 1992, compared with 11,552 in 1991.

Safe Harbor / Non-disclosure / Ten Year Record Retention / Must Be Typed

Question: "We have a question on Bank Secrecy. Assume that we have a well known customer named John Smith, who is president of the Smith Company.