Description
40min | Credits: n/a
Covers procedures that federal government authorities must follow to obtain information from a bank about a customer’s financial records and the customer’s rights concerning those records. Explains how banks comply with RFPA, including how they must be prepared to respond to the government’s request for records, and the penalties for noncompliance.
Audience: Any staff that might receive and/or process requests for financial records from the federal government.
Learning Objectives
After completing this course, students will be able to:
- Explain who the RFPA covers
- Discuss limitations on federal government authorities to obtain bank customer financial information and conditions for obtaining it
- Explain exceptions to those limitations
- Describe the impact on a bank regarding recordkeeping and compliance
This course is part of the ABA Frontline Compliance program.