Description
Gain insight into the complex regulatory framework applicable to financial institutions recordkeeping requirements, including key provisions and compliance obligations.
The importance of robust and uptodate document retention and destruction policies for financial institutions is paramount. In this presentation, we will discuss the complex regulatory framework applicable to financial institutions recordkeeping requirements, the importance of compliance with document retention and destruction practices in investigations and litigation, the current focus on offchannel business communications by civil and criminal regulators, and examples of cases involving the failure to properly preserve or destroy business records and related repercussions. The training will also offer guidance on best practices and tips for managing recordkeeping requirements and avoiding future scrutiny by regulators or private litigants.
Date: 2023-11-30 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to understand the significance of robust and uptodate document retention and destruction policies within the context of financial institutions regulatory compliance and legal requirements.
* You will be able to explain the relationship between effective document retention and destruction practices and their role in mitigating risks during investigations and litigation processes.
* You will be able to recognize the potential implications of noncompliance with document retention and destruction policies in the context of regulatory scrutiny and legal actions.
* You will be able to evaluate realworld examples of cases involving improper preservation or destruction of business records and understand the associated legal and operational repercussions.