In a compliance program, tactical compliance procedures should be integrated into business line procedures, such as how
Posted: Tue Mar 08, 2022 9:22 am
In a compliance program, tactical compliance procedures should be integrated into business line procedures, such as how to deliver an Adverse Action Notice when an application is declined. In this case:
A. Regulations should be applied consistently to procedures throughout the bank
B. Revisions to procedures should be based on compliance expertise and not mere editing
C. Providing solutions to mitigate any identified risk
D. Assisting business units in developing or revising policies and procedures to reflect current regulatory requirements
A. Regulations should be applied consistently to procedures throughout the bank
B. Revisions to procedures should be based on compliance expertise and not mere editing
C. Providing solutions to mitigate any identified risk
D. Assisting business units in developing or revising policies and procedures to reflect current regulatory requirements