12 CFR § 21.2 Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program

§ 21.2 Designation of security officer.

Current through Oct 1, 2026 · Read all of Part 21

⚠ 2 pending changes to Part 21

Within 30 days after the opening of a new bank, the Bank's board of directors shall designate a security officer who shall have the authority, subject to the approval of the board of directors, for immediately developing and administering a written security program to protect each banking office from robberies, burglaries, and larcenies and to assist in identifying and apprehending persons who commit such acts.

← § 21.1 Purpose and scope of subpart A of this part.§ 21.3 Security program. →