The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Arkansas and Tennessee affected by recent severe storms and tornadoes.
Register now for the Office of the Comptroller of the Currency's workshop for national community bank directors. This invaluable workshop prepares you for challenges and responsibilities that lie ahead in your role as a community bank director.
The Office of the Comptroller of the Currency (OCC) has outlined measures to assist national banks and their customers affected by the tornadoes in Alabama, Arkansas, Kentucky, Mississippi and Tennessee.
The Federal Financial Institutions Examination Council has issued an "Interagency Statement on Pandemic Planning" identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic.
The FDIC is providing the attached guidance on the internal control attestation standards that auditors of insured institutions with $1 billion or more in total assets should follow to comply with the FDIC's audit and reporting requirements in Part 363 of the FDIC's regulations.
The Financial Crimes Enforcement Network ("FinCEN") is issuing this interpretative guidance to clarify how our rules implementing section 312 of the USA PATRIOT Act (the correspondent account rule) apply to a covered financial institution presenting a negotiable instrument for payment to another financial institution.
The Financial Crimes Enforcement Network (FinCEN) announced the assessment of a civil money penalty in the amount of $12 million against Sigue Corporation and Sigue, LLC, a money services business headquartered in San Fernando, California, for violations of the Bank Secrecy Act (BSA).
The Financial Crimes Enforcement Network ("FinCEN") is issuing this administrative ruling to clarify the currency transaction report ("CTR") filing obligations when reporting transactions involving sole proprietorships. Subsequent to a prior ruling on this issue, FinCEN received feedback from financial institutions...
A judge in Newark, New Jersey formally unsealed a 35-count Indictment today charging 13 individuals in a scheme to fraudulently obtain more than $20 million in home equity and business lines of credit between February 2004 and November 2005.
Pandemic Flu Exercise Prompts Enhanced Industry Preparations
January 24, 2008
US Financial Sector Pandemic Flu Exercise
Prompts Enhanced Industry Preparations
"The results of this report demonstrate the clear need for conducting this exercise," said Treasury Deputy Assistant Secretary Valerie Abend....
January 24, 2008
FDIC Office of Inspector General Reports
The following items were recently posted to the Federal Deposit Insurance Corporation's (FDIC) Office of Inspector General (OIG) Web site: www.fdicig.gov under Publications. In cases where an OIG report includes sensitive or confidential information, the OIG...
Financial Institution Letters
January 14, 2008
Processing Deposit Accounts in a Bank Failure;
Modernizing Large-bank Insurance Determinations
Notice of Proposed Rulemaking
The Federal Deposit Insurance Corporation (FDIC) has issued the attached two-part Notice of Proposed Rulemaking relating to...
MSB Registration List
The MSB Registration List, which is updated and posted on a monthly basis, contains entities that have registered as Money Services Businesses (MSBs) pursuant to the Financial Crimes Enforcement Networkâ€™s (FinCENâ€™s) Bank Secrecy Act regulations at 31 CFR 103.41....