Most Popular Compliance Content
Time to Return Possible Fraudulent Check
12/13/2020
We have a customer that deposited a check, which we believe to be possibly fraudulent. The check was issued for work in another country and the description doesn't match what the depositor does or the work in the other country. The work is being performed by his girlfriend and we believe the girlfriend is solely on the internet. So there are a number of red flags. How long does the issuing bank have to return the check to us for reimbursement from our customer's account? Does that time frame differ if the check is deemed to be fraudulent? I have heard up to one year. However, we can't hold the funds that long, or is there a stipulation-reason we could use to hold funds for one year? If the funds are gone, are we required to return the funds after 90 days? After one year? We are trying to plan not to get caught having to return $10,000 that we believe to be fraudulent.
BOL Template for Website Accessibility Policy
12/13/2020
Where can my bank find a template for a website accessibility policy?
Report each IRA CD? No!
12/13/2020
Do we file a 5498 for each IRA CD?
Pay taxes on CD penalties on IRAs?
12/06/2020
Do we have to report CD penalties in a distribution?
Member FDIC on the WWW
12/06/2020
Is there an FDIC requirement that the "Member FDIC" logo be on all our pages and link to the FDIC website?
