Bankers' complaints to the Federal Deposit Insurance Corp. ombudsman were mainly focused on anti-laundering requirements and mortgage data collection in the second half of 2006, according to a report released Thursday.
FDIC Ombudsman Cottrell L. Webster's semiannual report to the industry noted concerns about costs associated with the Bank Secrecy Act.
"Bankers are being inappropriately placed in a law enforcement role," the report said. "Several bankers noted the difficulty of filling BSA officer positions because of the attendant liabilities and steep penalties for violations."
