Most Popular Compliance Content
What Annual Training is Required Per Regs?
02/11/2024
What are the mandatory (required) training courses for employees to take annually?
Commercial accounts and E-SIGN
02/04/2024
Do business transactions apply to ESIGN - Electronic Signatures in Global and National Commerce Act?
Adding PODs on Joint Accounts
01/28/2024
When a customer has joint account and only one person on the account wants to add a beneficiary to the account, can this be done or must each accountholder agree?
Conductor Information for Aggregate CTRs
01/28/2024
We have a business customer whose deposit runners are refusing to provide their information for us to collect as conductors of cash transactions. These are typically smaller transactions, but we require a conductors information on all cash transactions over $1,000 for aggregation reporting purposes. They previously banked at a larger regional bank which did not require these runners to provide identifying information. Are we OK to make an exception for this business client unless it is a CTR reportable transaction?
Using a EIN on a personal account
01/28/2024
We have a customer that is an agent for one of the local insurance companies. She wants to open an account in her name only using the insurance company EIN, can we do that?