12/01/2002
The American Bankers Association and the American Bar Association recently held their 14th annual Money Laundering Enforcement Seminar.
10/21/2002
What is the Check Truncation Act? Should it be on our radar?
10/07/2002
These questions are regarding compliance with OFAC requirements: (a) Are banks required to check for payee of checks drawn on them and received by them for payment across the counter or through clearing? (b) Are banks required to check for the name of the drawer of checks sent by them for clearing? (c) In case of banks which provide cash letter service to their correspondents abroad, are they required to check for both drawer and payee? If required, how do banks manage this as automated checking of this information would not be possible in most cases.
10/07/2002
What is a positive pay system?
09/09/2002
09/02/2002
1.Strategy for ebanking 2.Products to made available 3.How to make ebanking a profit centre 4.How can one lower transaction costs using ebanking 5.ebanking model to be used? 6.Implementation plan for ebanking 7.way forward for ebanking
06/17/2002
Our bank has a fully operational imaging system. Since this system is in place, are we still required to hold physical copies of items? For example, instead of holding official checks the required 6 years, could we determine our own timeline for retaining physical copies and use the digital images to meet statutory requirement?
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 like to keep on top of the latest potential problems with Internet banking so we can learn from the mistakes of others and protect ourselves against make the same mistakes. Heard about any new ones lately?
01/01/2002
Question: We have a customer who wants to "protest a check." Can you explain this?