Procedures for monitoring Bank Secrecy Act compliance.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) (c) (1) Provide for a system of internal controls to assure ongoing compliance; (2) Provide for independent testing for compliance to be conducted by bank personnel or by an outside party; (3) Designate an individual or individuals responsible for coordinating and monitoring day-to-day compliance; and (4) Provide training for appropriate personnel.

official document · source cfr-2024 · id 12:§ 208.63