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Compliance Question of the Week
In today’s banking environment as soon as one big new regulation is implemented another pops up. Our compliance resources help your community bank stay one step ahead of the regulators.
How often must the Security Officer need to report to the Board on the security program?
The Security Officer must report on the effectiveness of the Security Program annually and when updates are made to the program.
Reference: FED 12 CFR 208.61; OCC 12 CFR 21; FDIC 12 CFR 326