Most Popular Security Content
Exempt Customer Purchases New Business
07/04/2005
We have a business exempt from CTR reporting. The business owners have recently purchased another business that is held as a separate entity with a different EIN. The same person (one of the owners) deposits cash exceeding $10,000 into both accounts on the same day. Do I wait for one year to exempt the second business? If so, how do I report the cash transactions until that year is up? Remember, one business is exempt, the other is not but the same person deposits the cash. Or is it permissible to exempt the second business based on the established relationship with the business owner?
Savings Bonds: August 31 Deadline for Series HH
07/01/2005
Series HH Savings Bonds will no longer be offered to the public after August 31, 2004.
STATS
07/01/2005
- Approximately 12 million CTRs are filed annually. FDIC, Supervisory Insights, June, 2004
STATS
07/01/2005
- In a 2004 report, Gartner estimated that 57 million people had received online Phishing attacks, costing banks and credit-card issuers over $1.2 billion in 2003 alone.
Multiple Presentments of an NSF Check
07/01/2005
Question: We had a check come in through the exchange for payment, and we bounced it NSF.