Most Popular Compliance Content
"Payable to:" when closing an IRA?
03/27/2022
What is the proper way to make a check out when closing an education IRA?
SAR Form Specifics
03/20/2022
We are debating Item 24 on the SAR form, Financial Institution TIN and Account affected. The scenario is this - a bank customer cash structured his transaction by cashing two checks on two separate days drawn off of another bank customer. Do you include the account number of the two checks cashed even though the cashier has no ownership to the account?
Reporting a 314(a) match
03/20/2022
If we have a FinCEN 314(a) match, besides reporting it on the SISS website,must we file a SAR?
Auditors and Virtual Auditors
03/20/2022
How can a “virtual audit” make life easier for auditors?
Reg E is “use dependent”
03/14/2022
I have heard that business accounts do not fall under Reg E. How does this apply to internet banking and what about a business account that is a sole proprietorship?