However, recent criminal investigations and prosecutions based on Bank Secrecy Act and SAR reporting violations have attracted significant industry attention. Most importantly, these cases have generated complaints from the financial industry about the increased burden of Bank Secrecy Act compliance, as well as the uncertainty of future requirements - particularly for the filing of SARs.
If not this year, I hope to see these two sets of lending rates meet half way within the span of the next 3 to 5 years. 2. If there is anything in Serbia now that resembles European Union, it is the banks – 80% of the banking sector is in foreign majority ownership, with foreign meaning EU countries.