Skip to content
 

Latest Operations - Internal Controls Topics

Tracking Members after Mail is Returned

10/01/2005

Question: Our credit union is getting a substantial amount of returned mail from membership stating that the member is no longer at the last known mailing address.

BSA: Deutsche Bank Under BSA Order

10/01/2005

Yet another bank has fallen under a BSA examination. The Federal Reserve System recently announced a written agreement with Deutshe Bank Trust Company Americas.

Survey Reveals Costs of Sarbanes-Oxley

05/01/2005

A survey done for the Independent Community Bankers of America shows that Section 404 of the Sarbanes-Oxley Act will have a significant effect on the cost of auditing for community banks.

314(a) Record Retention

03/07/2005

According to the FDIC's BSA examination procedures dated 10/17/03, the financial institution needs to maintain appropriate records of search results under the USA PATRIOT Act Section 314(a). I'd like to know what kind of recordkeeping would satisfy the regulatory requirement. Do we need to keep FinCEN's requests on file? Why or why not?

Pages

Most Popular Operations Content

Basic steps for Reg E claims

02/25/2024

Must we go through the formalities of an investigation and document what we’ve done such as paying provisional credit on claims that were made timely?

Pages

Search Topics

Operations Topics

Operations Related