ABA's Center for Regulatory Compliance is your gateway to support for meeting the challenges of managing compliance risk. We provide direct access to regulatory expertise, up-to-date reports on agency initiatives, and the resources to assist you in keeping pace with the demands of supervisory oversight.
FinCEN Final Rule on Expansion of Special Info Sharing Procedures to Deter Money Laundering/Terrorist Activity (2/5/10) The Financial Crimes Enforcement Network (FinCEN) released final rule on Expansion of Special Information Sharing Procedures to Deter Money Laundering and Terrorist Activity. The final rule amends the Bank Secrecy Act (BSA) information sharing rules to allow certain foreign law enforcement agencies, and state and local law enforcement agencies, to submit requests for information to financial institutions. The rule also clarifies that FinCEN itself, may submit such requests. The rule is effective upon publication in the Federal Register.
ABA Releases Revised, Free Guide on Regulators' CRE Guidance (2/5/10) ABA released a revised, free, bank-members-only ABAWorks on Commercial Real Estate, a guide to help bankers better understand the regulators' guidance on concentrations in commercial real estate lending. The revised edition has been updated to reflect the policy statement the Federal Financial Institutions Examination Council issued in late October that provides guidance for financial institutions on prudent commercial real estate loan workouts. The revised ABAWorks also includes a stand-alone summary of the policy statement and -- as in previous editions -- a CRE portfolio risk-assessment worksheet. More Compliance News
- NEW 
