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Financial Institution Letters

Hurricane Katrina
Frequently Asked Questions Regarding the Bank Secrecy Act
FIL-91-2005
September 12, 2005


Summary: The federal bank, thrift and credit union regulatory agencies and the Financial Crimes Enforcement Network have issued responses to frequently asked questions regarding the Bank Secrecy Act (BSA).

Highlights:
  • On September 12, 2005, the federal bank, thrift and credit union regulatory agencies and the Financial Crimes Enforcement Network issued responses to questions frequently asked by financial institutions regarding the application of the Bank Secrecy Act in providing services to victims of Hurricane Katrina.
  • The new questions and answers are attached.
  • Please periodically check the FDICís Hurricane Katrina Web site for updated information and frequently asked questions at http://www.fdic.gov/news/katrina/index.html.

Distribution:
FDIC-Insured Institutions

Suggested Routing:
Chief Executive Officer
BSA Compliance Officer

Related Topics:
Account Opening

Attachment:
Frequently Asked Questions Regarding the Bank Secrecy Act and Hurricane Katrina Victims
        Frequently Asked Questions Regarding the Bank Secrecy Act and Hurricane Katrina Victims - PDF         19k (PDF Help)

Contact:
Senior Financial Analyst Debra L. Novak at SASFIL@FDIC.gov or (202) 898-3673 )

Printable Format:
FIL-91-2005 - PDF 31k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).




Last Updated 9/12/2005 communications@fdic.gov