01/07/2013
If a customer drops over $10,000.00 into the night drop, is a CTR required and if so if the account is joint who do we file it on?
12/17/2012
Does an IRS levy exempt Social Security benefits, Social Security disability benefits, V.A. benefits etc?
12/10/2012
If we have a Middle initial...say "John Q. Doe"...this is how the client's name appears on the his DL. Do the OFAC regs REQUIRE that we the Bank demand to know what the middle initial stands for...in order to check John Quincy Doe with OFAC? If we do not check for the middle name, are we out of compliance? Please advise.
11/26/2012
Relative to BSA/AML, is there anything within FFIEC guidelines, or anything else for that matter, that states a bank must get the purpose for a wire/funds transfer? At a previous institution that I worked at we were cited by the OTS because we were not obtaining the purpose for a wire transfer. I have spoken to other colleagues and they, too have been cited; however, no one can find where this is an actual BSA requirement.
10/29/2012
Is it necessary to file a SAR on a customer for whose records we have received a grand jury subpoena?
10/22/2012
I am setting up an account for a "Living Trust". Can I style it: "ABC Living Trust"(using grantor's SS# John Doe trustee or do I have to use grantor's name ss# then ABC Living Trust then John Doe Trustee?
10/22/2012
How safe is a free-standing teller pod that is being used as a manned teller station with a cash recycler rather than the typical teller line construction?
10/15/2012
If a beneficiary of a representative payee account calls and wants to know the balance of their account, are we allowed or required to tell them since they are technically the owner?
10/08/2012
What is the most current decision on a bank off setting an overdrawn account that gets Social Security deposits?
10/01/2012
If a government agency (DEA) sends a representative to purchase an Official Check do we need to get the identifying information on the government representative?