Latest Compliance - Operations Topics

In this issue, we are giving attention to several important areas of the compliance management process including participation in rule makings.

If your bank calculates interest using 365 days, this is a good time to check whether your system converted to 366 for leap year (1996).

Question: We are organizing a compliance committee and are having a debate about whether to include a representative from operations. What do you recommend?

You need to know who your customer is, and some of what the customer is up to, to ensure that your institution is not being used for illegal purposes.

The Americans with Disabilities Act (ADA) requires banks to make "reasonable accommodations" to disabled persons where doing so is "readily achievable." "Reasonable accommodation" means making adj

With the issuance of the new Currency Transaction Form (CTR - Form 4789) it's time to take another look at what we're doing right-and, more importantly, what we're doing wrong in complying with the

Question: We're already subscribers to the BANKERS' HOTLINE and we got an ad through the mail addressed to the "Auditor" of our financial institution.