Most Popular Operations Content
Reporting a cash deposit and currency exchange
05/28/2023
John Jones makes a cash deposit of $9,600 to the account of his hardware store, Jones Hardware, Inc. He also gives the teller five $100 bills and obtains $500 in $20 bills in exchange. Is there any change to how we will report these transactions?
Why can’t we bank who we want to?
05/28/2023
Why can’t we bank the type of customer we want to?
CTRs and Cash-in, Cash-out
05/28/2023
A client makes a cash in deposit of $8K. She also does a currency exchange for $5K. We now have a cash in for a total of $13K and a cash out for $5K. Is the $13K reportable since $5k is an even swap? I believe it is but I just need clarification.
Returning Collateral Held for Safekeeping
05/28/2023
How long does the bank have to return a stock certificate once a loan has been paid in full? Would this be the same as any other collateral actually held for safekeeping?
Adding metadata to documents when scanning and uploading
05/28/2023
Why add metadata to documents when scanning and uploading them into an imaging system?