After assessment, FFIEC recommends financial institutions participate in forum to learn and spread best practices. Plus the compliance question of the week and legal briefs.
In this week’s contribution from a Strategic Link business solutions partner, Network Computing Architects, Inc. (NCA) shares some do’s and don’ts on cloud file sharing.
Administrative Ruling Regarding the Participation of Associations of Financial Institutions in the 314(b) Program
FinCEN has defined the term “association of financial institutions” as “a group or organization the membership of which is comprised entirely of financial institutions.” An association of financial institutions may share information under section 314(b) of the USA PATRIOT Act.