ABA updates guide for Bank Secrecy Act

ABA updates guide for Bank Secrecy Act
Tags: ABA, Bank / Credit Union, Deposits / Check 21, North America, Regulatory Issues, Security
August 7, 2008

WASHINGTON — The American Bankers Association has updated its Quick Reference Guide to Banking Regulations, which covers legal and regulatory changes through June 2008, including new responsibilities under the Bank Secrecy Act and changes in deposit insurance requirements.

The resource is targeted to employees, officers and directors who may not be immediately responsible for bank compliance but are still expected to be familiar with the laws and rules governing banking institutions.

The guide, sponsored by ABA's America's Community Bankers Council, provides one-page overviews that include a brief history and goal of each major banking law and regulation. It also offers a glossary of compliance terms and a calendar of compliance deadlines.