Anthony has mentioned the value of Frequently-Asked-Questions documents in past blog postings here and here. These documents can help compliance officers weave through convoluted regulations and find answers to common issues. Here are a few that I've found useful in the past:
Bank Secrecy Act
Anti-Money Laundering Compliance FAQs
FAQs on Final CIP Rule - February 2004
FAQs on Final CIP Rule - May 2005
FAQs Relating to BSA and Hurricane Katrina
OFAC
OFAC Q&As Prepared by Treasury
Privacy
FAQs on the Privacy Regulation
Share Insurance
FAQs from NCUA's October 7, 2008 Webinar on Share Insurance Changes
NCUA's FAQs on NCUSIF and Share Insurance
HMDA
FAQs on Regulation C (HMDA Reporting)
RESPA
Appraisals
FAQs on Appraisal Regulation and Interagency Statement*
*Note: The Agencies recently announced a proposal to replace this interagency statement.
Third Party Due Diligence
FAQs from NCUA's January 29, 2008 Webinar on Third-Party Relationships
Flood Insurance
2008 Proposal on Interagency Q&As on Flood Insurance (would replace 1997 Q&As)
1997 Interagency Q&As on Flood Insurance
Servicemembers Civil Relief Act (SCRA)
HUD's Q&As for Lenders Regarding SCRA
Judge's Guide to SCRA - including Q&As
Health Savings Accounts
Q&As on Health Savings Accounts - IRS Notice 2004-50
Q&As on Health Savings Accounts - IRS Notice 2008-59
Check 21 Act
FAQs for Financial Institutions on Check 21
Check 21 FAQs on Financial Institutions Requirements - from ABA
Accounting for Loan and Lease Losses (ALLL)
Questions and Answers on Accounting for Loan and Lease Losses
Online Banking
FFIEC Guidance on Authentication in an Internet Banking Environment
Savings Bonds
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You never know when these FAQ's will come in handy. That is why I have mine bookmarked on my delicious page.
If you are wondering what delicious is, take a look at the user guide and slides I prepared for a talk on Organizing the Compliance Information Flow at NAFCU's 2008 Regulatory Seminar.
If you know of other valuable FAQ documents, please let us know by adding a comment to this post.
Thanks a lot for a bunch of good tips. I look forward to reading more on the topic in the future. Keep up the good work! This blog is going to be great resource. Love reading it
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