02/11/2002
I need to file a SAR for this situation? Our business customer had eleven checks stolen from their checkbook. We cashed them. The total loss is $10,315.50. There were 4 different individuals who cashed these checks. One person did cash checks totaling $5,920.30. All we have for identification is the driver's license number of each person. The police have been notified and have been able to gather enough evidence to charge them.
02/04/2002
What are the information security needs of a bank?Which laws/guidelines deal with information security needs of the bank?What are the steps involved in designing a security policy for a bank?
01/07/2002
We are facing a potential loss because of a bookkeeper stealing checks from their employer and forging our customer's signature. Our customer's attorney alleges that we were at fault for not spotting the signature variations on checks over $2,500 (the bank's policy) that were reviewed by us. The alleged fraud dates back to March 2000. My question is: Is there a standard threshold amount that most banks use when reviewing incoming/inclearing on-us checks? Is $2500 a reasonable threshold? What process is used to determine that a signature is irregular? Is the customer contacted? Does the branch get involved?
01/07/2002
I am the bank Security Officer and have been asked to help our H.R. Dept. come up with better hiring practices.I am not sure how far we can go when investigating potential employees. Can we contact local police, or other agencies, for criminal background checks or can we get certain types of reports from the credit bureau?
01/01/2002
- It is estimated that this year Americans will use $80 billion in equity from their homes by refinancing. Fannie Mae, U. S. News & World Report, Nov.19, 2001, p40
01/01/2002
To finish out our very short training session on the basics of the Bank Secrecy Act and the exemption of eligible customers, we've put together a short quiz for you.
12/03/2001
It has been our Bank's practice to not give cash back and/or cash checks made payable to businesses. However, we have been handling DBA accounts differently. If the account is set up with an individual name tied to the DBA we have been allowing them to take cash back.Is there any regulation concerning this issue?
12/01/2001
12/01/2001
12/01/2001