Most Popular Operations Content
De-Risking and OFAC? Connected?
05/28/2023
Could de-risking come from OFAC?
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?
Evidence to deny Reg E claim
05/28/2023
We have a customer who is claiming unauthorized access/use on an Uber and UberEATS account. There are several transactions and customer says he did not do any of these transactions. Customer does admit he has an Uber account, and we can see past usage but he says these recent transactions are not his. Do we, FNBC Bank & Trust, have to process this dispute for him?
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.