Most Popular Compliance Content
Subpoena/summons investigations results and SAR filing
08/11/2024
Our BSA Officer manages our bank’s filing of Suspicious Activity Reports (SARs) with FinCEN. She has asked to include in our policy for managing summonses, subpoenas and similar legal documents a requirement that she be notified of any suspect activity that might be turned up in searches in response to those documents. Is that allowed?
Recognizing recurring and non-recurring debit card
08/11/2024
Can a merchant force a debit card transaction by claiming that the transaction is a recurring transaction event though it's not? For example, the customer opted out of overdraft service for ATM and one-time POS debit card transactions, but a merchant forced the transaction by claiming it's recurring.
Compliance's role in AI implementation
08/04/2024
If the bank is looking at implementing AI and you say we need to coordinate enterprise wide, should Compliance head that up?
Enterprise-wide involvement in AI implementation
08/04/2024
What areas need to be involved in AI adoption?
Identifying "protected funds" in a joint account
07/28/2024
When we receive a garnishment order identifying a judgment debtor who has a joint account at our credit union, and there are federal benefits that have been direct deposited for both of the joint owners of the account, which of those direct deposits do we treat as “protected funds”?