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Hurricane Katrina Frequently Asked Questions Regarding the Bank Secrecy Act

BSA/AML, OFAC and Fraud
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 FDIC’s Hurricane Katrina Web site for updated information and frequently asked questions at https://www.fdic.gov/news/disaster/hurricane-katrina-2005.

Distribution: 
FDIC-Insured Institutions 

Suggested Routing: 
Chief Executive Officer 
BSA Compliance Officer 

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

Additional Related Topics:

  • Account Opening
FIL-91-2005
Attachment(s)
Frequently Asked Questions Regarding the Bank Secrecy Act and Hurricane Katrina Victims
Contact(s)
Division of Supervision and Consumer Protection: Debra L. Novak, (202) 898-3673

Last Updated: September 12, 2005