Latest Operations - BSA Topics

"Am I In Trouble?"

BANKERS' HOTLINE recently heard a disturbing sequence of events from a banking officer manager.

ANNUAL EXAMINATION TO BE ROUTINE FOR ALL INSTITUTIONS

"Know Your Customer"-Important!

OVER $10,000 FILING REQUIREMENT TO HIT RETAILERS

If you are puzzled by some of the initials and acronyms you hear tossed around financial institutions, you aren't alone!

INSTRUCTIONS DIFFER DEPENDING ON AGENCY
The banker attending the Bank Secrecy Act Seminar felt he had a legitimate problem, and asked the panel of experts for their help.

A financial institution on the east coast was fined $368,000 this August for money laundering violations.

We've been telling you for several months that this rule was on its way. Leave it to Treasury to give it to us to put in effect just in time for all our summer vacations!

"DEATH PENALTY" REVISED