For financial institutions, your records and files, both paper and electronic, must be meticulously managed and maintained in an effort to ensure your data is kept up to date and in compliance with a variety of legal standards. The future of your organization depends on it. Does your company have systematic, comprehensive policies and procedures that ensure you're retaining and destroying records appropriately, or could you be headed for legal hot water?
Creating policies and processes for organizing, storing, archiving, and destroying any organization's critical business documents can be overwhelming — but for financial institutions, it's even more complex given the legal guidelines that must be followed at all times. Not only is it important to know what information is stored, how it's stored, and where, it's imperative that documents and files be destroyed appropriately and in a timely manner to comply with government regulations. In today's volatile political and legal climate, financial institutions must make every effort to meet national and state rules and regulations.
What You'll Learn
- Specific rules and regulations that apply to your location and business
- Which records must be retained, how long to retain them, and how to properly store them
- Why knowing what records to destroy — and when to destroy them — can be as important as knowing what to retain
- Specific concerns for financial institutions
- What exceptions apply to your organization, and under what circumstances
- Federal rules, statutes and regulations including Sarbanes-Oxley, SEC, and others
- Legal issues that can affect your document destruction process — what you need to know now
- Communication and training practices to help your employees follow new retention procedures to the letter
- Where to find helpful resources and information to answer further questions about records retention and destruction
Who Will Benefit
This webinar is designed for people who are responsible for developing, overseeing, and maintaining an effective records retention, access, and destruction program for financial institutions, including human resources personnel, managers and supervisors, accountants, administrators, controllers, bookkeepers, and legal council.