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April 16
Handling ACH Origination Exception Issues
Shelly Simpson

April 17
Fair Lending - Internal Monitoring
Patricia Cashman

April 22
A Banker's Guide to Virtual Currency
Andrew Beal

April 24
BSA/AML Compliance: Writing the SAR Narrative
Ken Golliher

April 29
HSA Basics
Whitney Johnson

April 29
Required Training for Loan Originators
Mary Beth Guard and Jack Holzknecht



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#1257997 - 09/28/09 02:39 PM Checks Written on Closed Accounts
Yada...Yada...Yada... Offline
100 Club

Registered: 01/11/05
Posts: 237
Currently have 2 situations...

1. Prior customer is writing checks on a closed account. Amounts were enough to justify SAR, plus I was filing SARs on him for money laundering as well. Police and DOJ investigating him.

2. 2005 customer had checkbook stolen. Closed account out. Now checks are starting to surface.

I would like to contact our states retail association, bankers association, etc to warn people of these checks. Is that something I should do, or am I going to get into some "privacy" or other problems...
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Deposits and Payments
#1258058 - 09/28/09 03:36 PM Re: Checks Written on Closed Accounts [Re: Yada...Yada...Yada...]
BrianC Online
Power Poster

Registered: 11/26/04
Posts: 2621
Loc: Illinois
On both counts we report to Efunds (Chexsystems), the first for fraud, the second that the account was closed due to stolen checks (so it does not reflect negatively on our customer.) In both cases, merchants that utilize check verification will be informed that the accounts are no good.
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