12 CFR § 326.2 Minimum Security Devices and Procedures and Bank Secrecy Act Compliance

§ 326.2 Designation of security officer.

Current through Oct 1, 2026 · Read all of Part 326

⚠ 1 pending change to Part 326

Upon the issuance of Federal deposit insurance, the board of directors of each institution shall designate a security officer who shall have the authority, subject to the approval of the board of directors, to develop, within a reasonable time, but no later than 180 days, and to administer a written security program for each banking office.

← § 326.1 Definitions.§ 326.3 Security program. →