The regulations of banks: banks cannot sell or promote insurance products in their branches, bank for international settlements and the international chamber of commerce. In canada, banks are under federal jurisdiction are regulated through the federal bank. In terms of the customer"s money on deposit with the bank, the relationship is that the bank as debtor and the customer as creditor. In that situation, a fiduciary relationship may exist, and the bank has several additional onerous duties including: To disclose any actual or potential conflicts of interest. To consider the interests of the customer ahead of those of the bank. Provide account information to the customer on a regular basis. Maintain secrecy of the customer"s affairs: however, must report cases of suspicious transactions, such as money laundering. Money laundering: the false reporting of income from criminal activity as income from legitimate business. Customers also have implied duties to the bank.