Transcription of FDIC Bank Secrecy Act
{{id}} {{{paragraph}}}
Example: tourism industry
FDIC Bank Secrecy Act
Bank Secrecy Act FEDERAL DEPOSIT INSURANCE CORPORATION Objectives Provide overview of BSA and Financial Crimes Enforcement Network Discuss regulatory requirements and supervisory approach Cover ofac sanctions programs and requirements FEDERAL DEPOSIT INSURANCE CORPORATION The Bank Secrecy Act (BSA) Fights money laundering and financing of terrorism through: Financial Transparency Deterrence Detection FEDERAL DEPOSIT INSURANCE CORPORATION Evolution Of The BSA Bank Secrecy Act of 1970, also known as Bank Records and foreign Transaction Act Money Laundering control Act of 1986 Annunzio-Wylie Anti-Money Laundering Act (1992) USA PATRIOT Act (2001) FEDERAL DEPOSIT INSURANCE CORPORATION Who Is Covered By The BSA? Depository Institutions Banks Savings Associations Credit Unions FEDERAL DEPOSIT INSURANCE CORPORATION Who Is Covered By The BSA?
Office Of Foreign Assets Control (OFAC) OFAC requirements are separate and distinct from the BSA Institutions are required to comply with OFAC’s sanctions programs Directors must understand the risks and controls necessary for compliance
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: