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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.
Regulations and GuidanceANSWER:
The Bank Bribery statute does not define a thing of value with a dollar amount. In 1986, the statute was revised to include that a “thing of value” must be either offered or received “corruptly” with the intent to “influence or reward” a bank employee in connection with bank business. Reference: 18 USC 215(a)(1) and (2). Department of Justice Website; https://www.justice.gov/usam/criminal-resource-manual-829-bank-bribery-18-usc-215-generally. |
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In general, ADA states that guide/service animals are to be permitted in buildings. However, the FAQ states the ADA does not require some entities to revise their policies regarding permitting animals. To determine whether the bank is exempt from the requirements for service/guide animals, review the ADA as well as state and local/municipal laws which may be more protective of people with disabilities. Reference: 2 U.S. Code Chapter 126 -[42 U.S.C. 12101] Equal Opportunities for Individuals with Disabilities; Pub. L. 110–325 See also: Frequently Asked Questions about Service Animals and the ADA www.ada.gov |
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The specific availability policy disclosure must include:
If a bank that has a policy of making deposited funds available for withdrawal sooner than required by this subpart (229.16) may extend the time when funds are available up to the time periods allowed under this subpart (229.16) on a case-by-case basis, provided the bank includes the additional information in its specific policy disclosure. See 229.16(c) for additional information. Reference: 12 CFR 229.16(b) and (c) |
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If an advertisement is made through one of the following media, it need not contain the information required by other parts of 12 CFR 1030.8(c) and (d):
Reference: 12 CFR 1030.8(e)(1) |
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The FFIEC BSA/AML Examination Manual describes the examination procedures your bank needs to perform to ensure that the system is accurate and appropriately identifying suspicious activity. As part of the independent testing the bank should:
Reference: FFIEC BSA AML Examination Manual |
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