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Compliance News

  • OCC: It’s Risky Out There

    Jul 10, 2017
    Strategic, credit, operational and compliance risks remain top concerns for the federal banking system, the Office of the Comptroller of the Currency said in its latest Semiannual Risk Perspective.
  • ICBA Urges BSA Modernization in Hearing Statement

    Jun 29, 2017
    ICBA called on Congress to modernize and reform the Bank Secrecy Act and anti-money-laundering regime to alleviate community banks’ compliance burden while producing more useful information for law enforcement.
  • State Regulators Issue Cybersecurity Best Practices

    Jun 29, 2017
    State banking regulators and the U.S. Secret Service released banker best practices for managing the risks of certain cyber-threats.

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Upcoming Events

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Jul
31
July 31 - August 02, 2017
August 02, 2017
BSA/AML Institute* - IL
Event Type: 
Seminar/Institutes
Executive C-Suite Training, Compliance, BSA Certification
Chicago
,
IL
Related Products/Events
BSA/AML Institute* - MN
Event Type: 
Seminar/Institutes

Location: 
MN
05/17/17
ICBA Member: $1,195*
Non-Member: $1,595*  
Nonbanker: $1,995*
*Testing fee not included
BSA/AML Institute* - CA
Event Type: 
Seminar/Institutes

Location: 
CA
11/13/17
ICBA Member: $1,195* 
Non-Member: $1,595* 
Nonbanker: $1,995*
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Sep
06
September 06 - September 06, 2017
September 06, 2017
First Wednesday Webinar: BSA/AML
Event Type: 
Webinar
Compliance

Question of the Week

  • QUESTION: Does a regulated bank require a reliance agreement with another regulated bank to be able to purchase a loan from that bank without re-conducting CIP?

    ANSWER:  No, FAQ #2 of the "CIP Frequently Asked Questions" document clarifies that this type of situation is excluded. Essentially, purchasing a loan from another financial institution does not meet the definition of opening an account for a customer.  Reference: 31 CFR 1020.100.  Q&A provided by TIB Bequeaith Banking Solutions.

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