05/29/2016
We have many customers that deposit a lot of cash. How do we determine if the amount is reasonable?
05/08/2016
What are the key things I should look at when researching a compliance management system?
08/31/2015
Is it possible to money launder in the hotel industry?
06/24/2013
If you are filling out a CIP for a new customer and the customer is on disability, what should you put in the field for employer and occupation?
05/13/2013
When a non citizen in the US on a working visa opens a non-interest account as the owner, should they sign the W-8BEN form?
10/08/2012
Are there any compliance regulations that require a bank to request and document the purpose of wire activity?
09/17/2012
When a commercial department is presented with an opportunity to provide a term sheet for a commercial loan - prior to receiving a loan application - is this request to be considered a loan application? Does a HMDA-reportable issue apply if the bank never received a loan application and there is no loan decision?
08/27/2012
When trying to exempt a customer from CTR requirements, in the portion where it asks whether or not the entity cashes checks, is there an amount limit/threshold or if it is provable any amount would be considered "cashing checks?"
06/11/2012
Is it my understanding that when a doctor is placed on our high risk list that they remain there permanently since it is a service based industry?
06/11/2012
We are being told by our internal auditors that a customer in which we have CTR exempted should be removed from exemption status due to negative information that they found regarding the customer that they found on an Internet search that dates back to 2000. When we performed our due diligence to exempt the customer last year we performed our due diligence and maintained records in accordance with FFIEC BSA/AML CTR exemption guidelines. There were no abnormalities noted at that time. The reasoning our auditors are referencing is that this customer poses a higher risk and should be removed as "Best Practices". Has anyone every experienced this?