Latest Compliance Topics

Quotes Overheard

05/01/1991

QUOTES OVERHEARD at the Bank Administration Institute's Security and Compliance Conference in Orlando

Do I Need Certification?

04/01/1991

As you can see from this issue, we are becoming actively involved in the certification process for security, compliance, and trust officers in financial institutions.

Get Rid Of Your Exempt Lists!

03/01/1991

MONEY LAUNDERING TASK FORCE MAKES RECOMMENDATIONS

How To Identify A Banking Professional

01/01/1991

Financial Institution Certification Program Sets Standards

Need Help?

11/01/1990

We have had several calls during the past weeks about problems with the Bank Secrecy Act. The following may be of some help.

1990 Record Retention Book Available

07/01/1990

We recently obtained a copy of the new 1990 RETENTION OF BANK RECORDS book from the American Bankers Association.

You Absolutely, Positively Have To Have It Mailed By July 29-MAYBE!

07/01/1990

The FDIC Board of Directors met on July 10 regarding the request by financial institutions to have extra time to mail out notices notifying customers of changes in deposit insurance coverage.

Vendor Guru Q&A's - Compliance

Compliance tiers for Dodd-Frank Section 1071

Batch processing vs. transaction level processing for deposits automation

Exception management and better audits

Resolving credit and loan document exceptions

Proactive loan exception management

Tracking loan policy exceptions

Reasons for loan policy exceptions

Audits and document management

HMDA - Recouping Home Improvement Costs

04/07/2008

If part of the proceeds of a refinance loan are to recoup home improvement costs would the purpose be home improvement?

Final TIL - PMI Tax Included?

04/07/2008

Is the PMI tax included in the payment stream on the final TIL?

Hand Delivery of Adverse Action Letters

04/07/2008

Can adverse action letters be given to the customer in person in lieu of mailing them?

An issue has arisen at my bank concerning the need for a signatory on a homeowners association account to submit his social security number. My bank's BSA Officer believes that he must do so. I am not so sure. This individual has no personal accounts with our bank, but is listed as a signatory on two accounts dealing with homeowner's associations. The person in question refuses to give his social security number. How are HOAs classified for purposes of the USA Patriot Act? It's my understanding that the HOA is the owner of the account. I know that the signatory situation was in the proposed rules, but not the final ones. I would appreciate it if someone could provide me with some guidance.

Gift Cards - Monetary Instruments?

03/31/2008

Are gift cards still not considered monetary instruments? Is this something that is coming in the future?

Latest Compliance Topics

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