Latest Compliance - Audit Topics

CTR ReExemption Form: What are the consequenses of failure to file?

02/17/2003

We were to have sent in a reexemption on one of our customers in March. We cannot find a copy of the form and we are not able to tell from our records if we sent it or not. 1st How do we find out if we sent the form? 2nd If the form was not sent, do we now have to file CTR's for the entire year?

Regulation B: The More It Changes, The More It Stays The Same

02/01/2003

Explaining Transactional Testing

01/06/2003

We have done quite well with our compliance exams for over ten years. During the last exam, the compliance examiner stated we should do more transactional testing. Can you define that term for me so that I can show we are OK?

Funeral Trust Accounts

01/06/2003

Although I have read through most of the information on the site referring to funeral trust accounts, there is always another question that comes up. We have a branch that wants to have the funeral home sign a letter authorizing all the CDs in place of having to sign a signature card for each one. Would any problems be created if we adopted this practice? In addition, any other suggestions regarding a good procedure for opening funeral trust accounts would be appreciated.

Compliance Calendar

12/01/2002

COMPLIANCE CALENDAR

12/01/2002

In the Wake of Enron: Accountant Rules for Banks

12/01/2002

Auditing Financial Privacy

11/04/2002

This is our first year to actually do an audit on Financial Privacy. How do we get started with this? Is there a checklist or guidelines out there somewhere to get us going on this?

COMPLIANCE CALENDAR

11/01/2002

Checking for HOEPA Loans

10/01/2002