Regulatory Compliance


Federal Regulations and Regulatory Compliance

As a bank, casino, insurance company or any other industry we serve, you’re required to meet federal regulations that mandate how your customers are treated, who you trade with and more. Failure to meet these federal regulations can result in civil and criminal penalties, leading to costly fines and even jail time.

Federal Acts, Laws and Regulations We Screen For

CSI is in the business of helping businesses like yours comply with these regulations, and we’re here to make sure you thrive while meeting the requirements of the federal government, including:

  • Fair and Accurate Credit Transactions Act (FACTA)
    In addition to allowing consumers to request credit reports, this act contains guidelines to prevent identity theft and requires security around the disposal of consumer information.
  • Gramm-Leach-Bliley Act (GLBA)
    GLBA focuses on the security of consumers’ personal financial information by enforcing various rules that determine how financial institutions and related industries collect and protect confidential information.
  • Office of the Comptroller of the Currency (OCC)
    The OCC is an independent bureau of the U.S. Department of the Treasury that takes supervisory actions, and it issues rules and regulations related to investments, lending and other practices.
  • Office of Foreign Assets Control (OFAC)
    OFAC implemented the Specially Designated Nationals List (SDN List), which prohibits U.S. businesses from engaging in financial transactions with any parties identified on the SDN List. 
  • Regulation CC
    Under Regulation CC, there are guidelines and required disclosures for how deposited funds are handled and credited to consumers’ accounts by financial institutions.
  • Regulation E
    The Electronic Funds Transfers Act (EFTA)—or Reg E—requires financial institutions to follow specific procedures when investigating consumer claims of electronic funds transfer errors.
    In response to the terrorist acts of 9/11, this law requires financial institutions to meet regulatory compliance guidelines when verifying the identity of customers opening accounts.

Is your business meeting the regulatory compliance requirements of the federal government? We can help. Find out how CSI’s products and services can help your company be competitive, compliant and profitable. Complete a contact request form now.