Vendor Guru Q&A - Operations

Latest Operations - BSA Topics

Executors and signers—Not a good practice

09/25/2022

Can an executor have another signer on the account?

BEC and EAC—usually has wire fraud component

08/14/2022

What is an email compromise scheme?

Classify a Trust

05/22/2022

What is the entity type for a Trust? Would it be included as a Public Company?

Joint accounts and CTRs—who goes on CTR?

04/10/2022

Do you only do one Part I on a joint account holders when a deposit is being made?

Fraud statistics

03/20/2022

What is the average length of time for employee fraud within one financial institution?

Fraud statistics

03/14/2022

Who is most likely to perpetrate fraud against a financial institution, an entry level employee or manager level employee?

CTR exemptions? Who and Why?

03/07/2022

Why can’t we exempt our local feed store?

ATM owner registration

02/20/2022

Are ATM owner operators required to be formally registered with the state?

Private ATMS and MSBs—one in the same?

01/02/2022

Are private ATMs always a MSB?

Charities present money laundering risks—How do we mitigate?

12/26/2021

What are the questions we can ask to mitigate the risk of a charity?

Image analytics at the point of check capture

10/13/2024

Why do financial institutions deploy image analytics at the point of check capture?

Benefits of transaction-level check processing

10/06/2024

What are the benefits of collateral imaging?

Benefits of transaction-level check processing

10/06/2024

What are the benefits of processing checks on a per-item basis?

AI, AML and Fraud Detection

09/29/2024

Will AI be useful in avoiding fraud and AML problems?

Are written policies and procedures required?

09/29/2024

Does our bank have to have a written policy or procedures for handling garnishments?

Latest Operations - BSA Topics

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