Skip to content
 

Latest Compliance - Operations Topics

BSA: What Happens to Those SARs?

11/01/2005

A common gripe of financial institutions is that they maintain compliance programs and file CTRs and SARs but don't see results.

BSA: Deutsche Bank Under BSA Order

10/01/2005

Yet another bank has fallen under a BSA examination. The Federal Reserve System recently announced a written agreement with Deutshe Bank Trust Company Americas.

Employee Hotline

07/01/2005

On July 30, 2002 the Sarbanes-Oxley Act (SOX) was signed into law.

IRA Withdrawals Before CD Maturity

05/02/2005

We offer fixed rate and variable rate IRAs. Our TIS disclosure says you cannot withdraw from any IRA before maturity. But how can we say that if by law customers are allowed, and in some cases required, to withdraw from an IRA? I am having trouble figuring out how to ">

Collecting Financial Information

05/01/2005

Question: We have just gone through a BSA audit and one of the exception items is asking us to implement a procedure within our new account area in asking customers for personal fi

Pages

Most Popular Compliance Content

Business Account Registration Requirements

04/09/2023

When opening a business account, is it required that a bank have the company register with the state that the bank is located in? For instance, we see quite a few companies that are registered in Delaware but the company also operates in Tennessee. I know they should register with the Secretary of State in TN, but is it the banks responsibility to manage that process and make them do it before we open an account for them? Will any of this change with the new beneficial ownership rules?

Rep Payee Account Restrictions

04/09/2023

I was recently told that Rep Payees for veterans specifically, were restricted from having transfer capability via an online banking profile. Is that correct, and if so, when did that go into effect and where is that rule?

Returning Checks as "Fraud"

04/02/2023

When a fraudulent check is presented for payment after the account is closed, is it returned as 'fraud'?

Avoid UDAAP in advertising.

04/02/2023

What is your opinion of offering a checking account that offers add-on third party benefits as a feature of the account? Customers are only able to obtain the add-on services if they buy the account and pay the service charge disclosed for this product.

Pages

Penalties View All

Search Topics

Compliance Topics