Compliance

Compliance Events

IBA Compliance Conference

Friday, May 23, 2024

Virtual

Whether you are a full-time compliance officer or an internal auditor, or if compliance is one of your many hats, this conference will help you identify and manage cutting-edge issues that are central to a successful compliance or audit program.

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Compliance Peer Group

Friday, July 12, 2024

IBA Center for Banking Excellence, Springfield, or Live Streamed

The IBA’s Compliance Peer Groups provide an opportunity for bankers to meet in person and examine pressing issues constructively, exchange ideas, and share solutions among colleagues in a comfortable and professional environment. We will provide timely updates on a variety of topics for you to take back to your bank.

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Compliance Peer Group

Friday, October 11, 2024

The Regency Conference Center, O'Fallon, or Live Streamed

The IBA’s Compliance Peer Groups provide an opportunity for bankers to meet in person and examine pressing issues constructively, exchange ideas, and share solutions among colleagues in a comfortable and professional environment. We will provide timely updates on a variety of topics for you to take back to your bank.

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IBA Compliance Connection

Illinois bankers are constantly challenged with new laws, regulations, enforcement trends, and other pressing compliance concerns. The IBA is here to help! Your IBA membership includes access to members-only compliance resources, guidance on compliance inquiries, outstanding educational events and networking opportunities, a weekly compliance newsletter, and more!

Daily Coffee

FinCEN Updates Beneficial Ownership Information FAQs. FinCEN has added sixteen FAQs on its beneficial ownership information reporting rule. The new FAQs address whether S-Corps and HOAs are covered reporting companies, whether beneficial owners can own or control reporting companies through trusts, when authorized recipients will have access to beneficial ownership information, and more. According to the FAQs, financial institutions are expected to receive access to beneficial ownership information in Spring 2025. View the FAQs.

April 19, 2024

FinCEN Reports on Elder Financial Exploitation Trends. FinCEN has released a Financial Trend Analysis on elder financial exploitation reported between June 2023 and June 2024. The report finds that 80% of elder financial exploitation filings involved strangers or imposters, while the remaining 20% involved trusted persons. View the announcement and report. 

April 19, 2024

More Compliance News

Compliance Q&A

Should our frontline staff decide whether to file SARs and police reports for fraudulent checks?

Find Out the Answer!

IBA Compliance Connection – A Valuable Resource for IBA Members

4000+

Original IBA Q&As, together with relevant articles, court decisions, and more!

200+

Topic pages covering a broad spectrum of compliance matters, indexed by bank process and function, together with all relevant Illinois laws and federal regulations

1100+

IBA members have an exciting resource to help them — IBA Compliance Connection at GoToIBA.com — a free website for all employees of IBA member banks that will quickly become your “go to” source for Illinois banking compliance information, guidance and support — each and every day! Request access today!

Compliance Feed