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Latest Compliance - FinCEN Topics

Bank Secrecy Basics, Part 3

12/01/2001

I'd suggest that you now have in front of you the two forms we've been talking about - The Currency Transaction Report (CTR, Form # 4789) and the Designation of Exempt Person form (TD F 90-22.53).

New SAR

07/01/2000

The bank regulatory agencies, working with FinCEN, have issued a new Suspicious Activity Form ("SAR"). Financial institutions can - and should - begin using the new forms immediately.

Question & Answer

07/01/1999

Question: The tier II exemption procedures for BSA appear to use a different definition of transaction accounts than that in Regulation D.

Where's That CTR Warehouse?

06/01/1999

The warehouse has moved - at least the FinCEN computing center has moved. That's the mysterious but not mythical place in Detroit where you send CTRs and SARs.

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Most Popular Compliance Content

BSA - Logging Cash Advances

05/05/2024

Should you log a cash advance to the BSA log after the cash advance was used to purchase a Cashiers Check? No money was exchanged.

Reg E on Official Checks

04/28/2024

If a customer did not receive their check in a timely manner in the mail after cashing in a Certificate of Deposit, can they file a Reg. E claim? The account was originally opened online.

UTMA Custodian Deceased, How to Handle

04/28/2024

My question is on a custodian account/UTMA when the minor reaches the age of majority. In this case the custodian did not close account prior to their death. Can the bank distribute funds to minor who is now over 21? What if the terms and conditions of the account say only the custodian can disburse funds: does that mean the “minor” has to get a new custodian assigned to allow for funds to be given to minor?

Do Cashier's Checks Expire?

04/28/2024

What is the expiration date on a Cashier's Check, or how do banks handle stale dated ones outstanding?

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