Home Current Issue Archive Subscribe Now Online Access Community About Bankers' Hotline BIN Products & Services Bankers' Hotline Compliance Action Bankers Video Library Security Officers Workshop Compliance Accountability Manager Executive Guide BankersOnline.com Current Issue Recent Issues Information Subscribe Now Online Access Contact Us FORGET YOUR PASSWORD? Enter your E-mail Address Executive Editor: Barbara Hurst Contributing Editor: Genilee S. Parente Board of Advisors: Charlotte Bahin, Esq. David Battle Brooke Blake John S. Byrne, Esq. Peter G. Djinis, Esq. William Gearin Lucy H. Griffin Mary Beth Guard, Esq. Boris F. Melnikoff Robert G. Rowe, III, Esq. Roger J. Snell Dana Turner William R. Wipprecht Vol. 13, No. 1 This issue went to press on April 10, 2003. Table of Contents New Advance Fee Schemes Reported: Old from Nigeria - New From Afghanistan Almost every banker is familiar with the Nigerian letter or "419 scam", sometimes called an 'advance fee fraud'. Here's a twist. 314(a): A Continuing Saga Last month BankersOnline solicited comments and suggestions from users regarding 314(a) search requests. This week, FinCEN responds. Our Readers Speak: Board of Directors Liability by Tony Brissette Previously, the Bank Protection Act (BPA) of 1968 was not specific in its wording on whether or not bank directors were ultimately responsible for the implementation of the written security program. This gray area has been addressed. Statistics, Facts, & Such Training Page #124: UCC: Practical Application, Part II We are running a series of training pages to address some of the confusion that sometimes occurs when trying to apply the Uniform Commercial Code to claims. Increased Sophistication of ATM Crimes ATMmarketplace.com, an online editorial service that covers the automated teller machine market, reports that crimes using those machines are on the rise worldwide and becoming increasingly sophisticated. Coming Soon - To Your Bank A brief published by Datamonitor predicts that by 2005, 49 percent of online banking customers will be managing their affairs using an account aggregation service. In The News 24/7 Fraud Check ATM Security Tip "Bankers as Buyers" Guide Banks Use Corporate Cards To Replace Checks From the editor's desk…Our Best Protection Against Terrorism by Barbara E. Hurst What is our most effective tool? The answer is deceptively simple. 14 Banks Pay OFAC Penalties OFAC penalties cost financial institutions dearly in early April as OFAC published its first set of OFAC civil penalties. War Stories Poor Planning Spell Check Would Have Helped Pssssst! We Have Cameras! Questions & Answers Offset against an IRA (Question #1) Offset against an IRA (Question #2) Checking Accounts For Minors Depositing a business check into an IOLTA account. Can an "S-Corporation" have a Power of Attorney (POA) sign on it? Appointing A POA To A Living Trust Social Security deposits to frozen accounts What Do Other Bankers Do? Supporting The Arts "Sail Art" Offering Convenient College Payments A Unique Sweepstakes Prize A Downsized Card Bankers' Hotline Newsletter  |  ComplianceAction Newsletter  |  Bankers Video Library  |  Security Officers Workshop  |  Compliance Accountability Manager