$305.00 – $705.00
Date Recorded: January 27, 2022
Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS
Two Topics in One Webinar!
Record Retention: It’s not enough to just comply with rules. Financial institutions, of course, have to retain documents for a number of reasons: to be able to show compliance with rules; to review, if there are any questions or complaints; to give copies to customers upon request; and to be able to respond to litigation and subpoenas.
The first half of the webinar will review the Federal lending, deposit, and BSA/AML rules that require institutions to maintain documentation. What documents do we have to keep, and for how long? What if a rule doesn’t have any specific record retention requirements?
Penalties: Also important is the always-present possibility of a penalty when we violate rules. Sometimes, people take a rule more seriously if they realize the amount of a penalty that can be assessed.
The second half of the webinar will review the potential general and specific Federal lending, deposit, and BSA/AML penalty amounts, including the increase in certain civil money penalties in accordance with inflation. What penalties can be imposed with violations of these provisions?
This webinar will provide a review of record retention and penalty/liability rules under the following:
This webinar is designed for compliance officers, auditors, and anyone else involved in the compliance areas.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.
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