Banking Law & Compliances

Many state and federal regulations that governs financial institutions are covered under banking law. Attorneys practicing in this area of law handle everything from customer disputes and complaints against a bank to complex litigation between domestic and foreign institutions, their investors, the government and other parties. Most banking law attorneys are hired for providing advice concerning regulatory compliance. The officers and directors of the bank seek legal counsel before making important decisions to comply with the vast number of regulations.

The Bank Secrecy Act (BSA) requires all financial institutions, including banks, to establish a risk-based system of internal controls to prevent money laundering and terrorist financing.

Compliance in banks is designed for providing an overview of the internal guidelines, statutory and regulatory authority stipulations in force that regulate the financial environment with special reference to banks operating in India.