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Community Bank Compliance

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The Compliance Vault is Open!

Compliance Vault

The ICBA Compliance Vault is now available as a member benefit to all ICBA members.

The Compliance Vault is a reliable search tool that helps you find answers to your regulatory compliance questions, with access to over 2,500 Q&As, select online courses, and documents. Find up-to-date answers about topics from across the compliance spectrum.
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Upcoming Events

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Jul
21
July 21 - July 21, 2020
July 21, 2020
Webinar: Building and Maintaining a Compliant IRA Program
Event Type: Webinar
Teller, Technology, Security, Payments, Operations, Marketing, Lending, Leadership Development, ICBA Webinar, Executive C-Suite Training, Director, Compliance, Auditing
Related Products/Events
Building and Maintaining a Compliant IRA Program 2020
Product Type: Webinar On Demand MP4 Download | DVD
 
ICBA Members: $219
Non-Members: $319
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Aug
10
August 10 - August 12, 2020
August 12, 2020
BSA/AML Virtual Institute
Event Type: Seminar/Institutes
Executive C-Suite Training, Compliance, BSA Certification

Question of the Week

  • QUESTION: With the change to the safe harbor thresholds for remittance transfer rules effective July 1, 2020, how does the bank determine if it can stop complying with the remittance transfer rules?

    ANSWER:

    If the bank provided 500 fewer remittance transfer in 2019 and provides 500 or fewer remittance transfers in 2020, the bank qualifies for the safe harbor and is not subject to the Remittance Transfer Rule in 2020 beginning on July 1, 2020. The safe harbor will also apply to the person's first 500 remittance transfers in 2021.