10/01/2001
Analysis of SARs plays a critical role in various types of law enforcement investigations.
09/03/2001
I have a customer who comes and in wants to open a deposit account, but he has a criminal record for bogus checks or forgery. Do I have to open the account or can I deny them?
08/06/2001
What compliance regulations apply to a loan to purchase a primary residence secured by vacant land titled in a business name?
07/02/2001
How do banks intend to monitor their service providers to confirm that they are maintaining appropriate securitymeasures to safeguard the bank's customer information? We are looking for a practical, reasonable way to do this.
03/19/2001
What is the best approach to take if someone tries to open an account who:<br><br>
1. Is the subject of a fraud alert we just received through an outside source?<br>
2. Appears to be using false identification? One time, our system indicated the real owner of the social security number was deceased. Another time, the ID didn't match the standard form for the state the guy came from. We also had one where we could tell the drivers license had been altered and a new picture put in.<br>
3. Is on the OFAC list?
02/01/2001
01/15/2001
What is the best way for a bank to disclose their privacy policy if they want to use the 40.13 exception for service providers and joint marketing? Our bank wants to reserve the right to market our products through nonaffiliated third parties if the occasion arises, but we want to avoid having to do "optout" at this point.
01/15/2001
The federal banking regulators have agreed to on final Interagency Guidelines Establishing Standards for Safeguarding Customer Information ("Guidelines"). You previously wrote two articles for us on the proposed guidelines. (See <a href="gurus_technology1211.html">Part 1</a> and <a href="gurus_technology1218.html">Part 2</a>.) Were there any surprises for you in the final version of Interagency Guidelines Establishing Standards for Safeguarding Customer Information? And could you give us a quick heads-up on what the final guidelines provide?
01/01/2001
by Barbara E. Hurst, Editor
It's the beginning of a brand new year and I'm going to take time out to pat a few of you on the back.
Here's a toast to:
10/01/2000
Law enforcement information and SARs filed by U.S. financial institutions confirm a shift in suspected money laundering activity involving Mexico.