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Last Issue's Dilemma:
What do you consider to be your financial institution’s most common BSA violations, and how do you avoid them?
I’ve got a new hat. I’m now the compliance officer for our institution and am seeking advice regarding how to best handle these duties along with my “regular” job. I know there are “common” Bank Secrecy Act (BSA) violations that many financial institutions commit. I’d like to start with the most common. What violations in your institution cause you the most grief?
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This Issue's Dilemma:
What’s the best way to hold annual compliance training?
For all our branches, we’ve got a good employee education program online to help train new employees as well as remind ourselves how important regulatory compliance is. When it comes to ongoing education, what do other small to midsize financial institutions do in the way of annual training on all compliance regulations? Is the online training attractive, and how have the regulators commented on the use of this type of annual training?
— Robin H., Compliance Officer
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Can You Help?
Share your experience. You could win an Apple iPod™.
Congratulations to this quarter's winner: Jeannine Brouillet, compliance officer at Flagler Bank. |
We were happy to buy this special-edition Red Nano from Apple, because $10 of the purchase price goes to a very worthy cause, the Global Fund to fight AIDS in Africa. If you’d like to help out as well, here's a link to Apple's special promotion.
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