01/20/2003
If the executive officer is joint owner of an account which is overdrawn and it is bank policy not to charge bank employees overdraft charges, under Reg O is it appropriate not to charge the executive officer?
12/02/2002
In regards to the Bank Secrecy Act, if an employee of a company purchases a monetary instrument of $3,000 $10,000 on behalf of the company, whose name and account number need to be documented, the company's or the employee's?
12/01/2002
Whether your institution's market area includes a piece of Indian Country or not, you can learn a lot from banking and economic development activities that are taking place now in Indian Country.
12/01/2002
As a former government employee, I have seen this happen before.
11/18/2002
What ongoing steps should we take to provide security and virus protection for our network?
11/04/2002
We have a customer who maintains 5 different accounts. Two of the accounts are for businesses which are each separately incorporated. Our customer and his wife are owners sole shareholders of the corporations. The other 3 accounts are for different DBA names. An employee of our customer makes a combination of cash deposits to the 5 accounts in one business day that exceeds $10,000.00. Are the deposits to the 2 incorporated businesses included in the total for CTR purposes? If so, how do we complete the CTR under Part I, Section A for the corporations? Do we list the customer's name on line 2 and the corporation's name on line 5 or only the corporation's name on line 2?
08/05/2002
We have an executive officer that participated in an employee benefit computer loan (0% interst, $1,500). Do we need current financials, board approval, call provision for something this trivial? How about a line of credit for a checking account? Still needing all the red tape?
08/05/2002
Please advise on how most banks administer/carry out their compliance training for their employees. Do they hold regular face to face training sessions? How do they determine that they have adequate training sessions? How do they determine what material will be covered?
07/01/2002
How long do you have to keep personnel files for the following: hiring records (job applications, resumes, etc.); basic employee information (name, address, date of birth, etc.); payroll records (daily schedules, pay rates, etc.); tax records; employment actions (hires, seperations,etc.); health, medical, safety data (medical exams, job realted illness, etc.)?
06/03/2002
Just what should I as BSA officer be doing right now in light of the USA Patriot Act? I've gotten bits and pieces but nothing I consider real definitive.