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As the government fully gears up for testing for the Coronavirus, the number of reported cases will likely explode. That is when the panic will begin and the need for your Coronavirus Business Continuity Plan will be the greatest. The Federal Bank Regulatory agencies have not provided any recent guidance related to an appropriate response to a pandemic. Previous guidance from the agencies on this topic includes: Influenza Pandemic Preparedness: Interagency Advisory, OCC Bulletin 2006-12, […]

On February 10, 2020, the Financial Crimes Enforcement Network (FinCEN) issued ruling (FIN-2020-R001) on currency transaction reporting (CTR) requirements, FinCEN Form 112, involving sole proprietorships and legal entities operating under Doing Business As (DBA) names. The changes will be effective April 6, 2020, September 1 for E-Filing batch filers. This ruling replaces FIN-2006-R003 and FIN-2008-R001. For sole proprietorships the ruling states: Complete a single Part I “Person Involved in Transaction” section with the individual owner’s […]

To all of the dedicated compliance professionals that we have the privilege to work with throughout the year, we wish you a healthy, prosperous, and fulfilling new year. Jack Holzknecht Amy Faust Robin Cooper Brent Vincent

All of us at Compliance Resource wish all of you the very happiest of Happy Holidays! We hope you enjoy an amazing day with family and friends. Jack Holzknecht Amy Faust Robin Cooper Brent Vincent

All of us at Compliance Resource wish you the happiest of Happy Holiday seasons!