§ 28-13-10-10 — Commission of crime

(a) In the event of a commission of a crime
or apparent commission of a crime it shall be the responsibility of the
corporation to ensure compliance with Part 353 of the Federal Deposit
Insurance Corporation rules and regulations.
(b) Reporting of a crime under Part 353 of the Federal Deposit
Insurance Corporation rules and regulations satisfies the reporting
requirements of criminal activity for the department.
(c) The department shall use the Financial Crimes Enforcement
Network of the United States Department of the Treasury instead of
receiving written reports from the corporation.
(d) Failure to report the commission of a crime or apparent
commission of a crime as required in Part 353 of the Federal Deposit
Insurance Corporation is a violation of this section.
(e) If a corporation is a corporate fiduciary or is not insured by the
Federal Deposit Insurance Corporation, the corporation must notify the
department of the commission of a crime or the apparent commission
of a crime not later than the first business day after the day the crime
or apparent crime was discovered. A written notification must also be
delivered to the department not later than thirty (30) days after the date
the crime or apparent crime was discovered. A written notification
under this section must include the:
(1) details of the crime; and
(2) actions taken by the corporation regarding the crime.

Legislative History

As added by P.L.176-1996, SEC.31. Amended by P.L.192-1997, SEC.28; P.L.63-2001, SEC.23 and P.L.134-2001, SEC.25.