Articles

by David P. McGuinn, President of Safe Deposit Specialists

• FDIC to Temporarily Cover ALL Funds in Certain Accounts

On What do Red Flag Examiners Focus ?

by By Thomas Oscherwitz, Vice President of Government Affairs, Chief Privacy Officer, ID Analytics

by Bryan Ansley

Banking and Economy Stress Disorder
by Kathy Emery & Mary Beth Guard

Robbery Date: 10/06/08
Bank Name: First Citizens Bank, Cayce, SC
Contact Person: Linda Broome, Corporate Security Manager

by Bryan Ansley

Question: What would an examiner look for?

Robbery Date: 9/24/08
Bank Name: First Citizens Savannah Lakes office , McCormick, SC

Suspicious Activity Reports Describe Marijuana Traffickers? Attempt to Wash, Dry, and Iron ?Dirty? Currency

Four federal law enforcement agencies coordinated an investigation of a longrunning fraud conspiracy that netted its participants more than $15 million in illicit proceeds.

Federal law enforcement agencies conducting a tax refund fraud investigation uncovered at least $13.1 million in fraudulently obtained federal and state tax refunds.

Date of ?Initial Detection? and the 30-Day SAR Clock By FinCEN Office of Outreach Resources

A Suspicious Activity Report review team identified SARs filed by three different financial institutions within several months on the same subject, describing similar transactions involving structu

A Suspicious Activity Report detailing more than $4.6 million worth of fraudulent activity associated with electronics sales over the Internet prompted a SAR review team to initiate a case on a sub

A federal law enforcement investigation led to the conviction of a mortgage broker who structured more than $500,000 into multiple accounts at various financial institutions.

A federal investigator characterized BSA data as extremely important in determining how the defendant in a multi-million dollar fraud case spent the proceeds.

By John Munn, Director, Nebraska Department of Banking and Finance

By John Byrne, Bank of America