06/11/2023
Are there any changes on how a single reportable deposit to a joint account is to be reported?
06/11/2023
What is the “one-click away” rule for electronic advertisements?
06/06/2023
How should we mark Item 3 to report multiple transactions?
06/04/2023
If our state allows spouses to jointly own and operate a sole proprietorship business without forming a partnership, will we treat a sole proprietorship account as a joint account when filing a CTR for a reportable transaction of the business?
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?
05/21/2023
The CTR includes fields in Part I for “gender” (item 7), “contact phone number” (item 18), and “E-mail address” (item 19). They are not identified as “critical” fields. Do we have to ask for this information to complete the CTR?
05/14/2023
Does an online bank (such as Ally Bank or go2bank) have to provide customers with an Image Replacement Document (IRD) when checks deposited via mobile Remote Deposit Capture (mRDC) are returned?
If no, does it then become the responsibility of the payee to work with the maker of the check to recoup the funds?
05/07/2023
Assume we have a single owner account with an attorney-in-fact, the owner dies and the executor wants info on the account transactions prior to death that were initiated by the attorney-in-fact. Can the bank release that info?
05/07/2023
Is there a new Reg or enhanced Reg DD that is “fair banking?”
04/30/2023
How does a durable power of attorney differ from a power of attorney?