Is Your Bank in Compliance with the National Flood Insurance Act?

On May 16, 2007 the Federal Reserve Board assessed a civil monetary penalty against Orrstown Bank of Shippensburg, Pennsylvania for violating the National Flood Insurance Act, 42 USC §4012a(f). Link.

www.iowabankinglawblog.com/2007/05/is_your_bank_in.html

FSA tackles financial crime in the insurance industry

Under the new system insurance firms and intermediaries are being called on to inform the FSA when they suspect criminal behaviour, so that the FSA can decide whether to investigate further.

www.aia.org.uk/InternationalAccountant.htm?News/IAfullStory.php?id=51269