Latest Compliance Topics

Financial Institution Certification Program Sets Standards

We have had several calls during the past weeks about problems with the Bank Secrecy Act. The following may be of some help.

We recently obtained a copy of the new 1990 RETENTION OF BANK RECORDS book from the American Bankers Association.

The FDIC Board of Directors met on July 10 regarding the request by financial institutions to have extra time to mail out notices notifying customers of changes in deposit insurance coverage.