07/03/2002
07/01/2002
There is often confusion about the differences between OFAC, the Control List, and suspicious activity reporting.
07/01/2002
I need a complete copy of what Reg H says, is there a Web site that will give me details of each regulation or some other place I can look?
06/09/2002
By Howard A. Lax, Esq.
Lipson, Neilson, Cole, Seltzer & Garin, P.C.
Troy, MI
05/06/2002
Is HUD considered to be a supervisory agency of our bank, an Oklahoma State Fed Member bank, in regard to the Federal Right to Financial Privacy Act? In connnection with a complaint from a former customer they want a list of all our loans for the past 2 years that we have demanded payment in full for.
03/04/2002
If the State Patrol issues a subpoena for information about a customer, do we also need a certificate of compliance? Also, do we need to have in writing the exact information they want, such as dates? Another question, when we file a SAR, do we have to include an amount if we aren't sure what the figure is?
03/01/2002
The FFIEC has a privacy resource on its website that is pure gold for any compliance manager. There are three elements that are of value.
03/01/2002
First, it is important to remember that there are two types of information sharing that will be authorized under the Patriot Act.
12/03/2001
We have a customer that opened a safe deposit box with our bank. Two months later he was arrested in another state for armed robbery. No other details.The rental was past due and we sent a certified letter to his last knowaddress. Rent was past due 5 years. Had not heard anything from customerfrom 1993 until this October. He attempted to reclaim the items from thedrilled box. All identification had expired (he had been in prison all thattime). We refused since all identification was expired and we had no proofit was him. He has now contacted an attorney and is demanding the contents.During the course of talking with the branch in trying to identify theperson, a copy of the contents was sent to my attention. Should we file aSAR since we know he served time for armed robbery and the contents arenumerous pieces of jewelry (Rolex watches, loose diamonds, diamond pendants,12 rings, etc.). This is a new one for me.
09/01/2001
Question: Where can I get information about reporting information on accounts or customers that we suspect may be connected to terrorists?