Regulation
11/07/2011

Bank Secrecy Act: What the Board Should Know

Executive Summary Originally enacted in 1970, the Bank Secrecy Act (BSA) received relatively little regulatory attention for many years.  Following September 11, 2001, the BSA Act was amended and compliance became one of the biggest areas of concern for banks and their regulators.  Most banks then found it necessary to expend significant resources to enhance or even rebuild their BSA programs. In the past few years, bank regulators have had to focus on other matters, including residential and commercial loan concentrations, adequate capitalization, and even bank failures.  Banks also wisely have focused on these matters during these difficult economic times. …

You have accessed a resource that is only available to our Bank Services members.

From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions. To sign up for exclusive access to this online bank board resource, please contact Bank Services at 615-777-8461 or [email protected].

Read The Article

Please enter your username and password below. If you have established a password please click ‘forgot your password’

John ReVeal