01/31/2016
A person opens a DDA, is properly CIPd, and his name includes "Jr." as a suffix. Later, the same person, same SSN, borrows money without using the "Jr." suffix. Should the lender require the borrower to re-sign the promissory note using Jr. in the borrower's name?
01/24/2016
Our AML team has recently requested that we provide check deposit remittance item detail. The request includes identifying the types of checks in a deposit -- cashier's checks, money orders, traveler's checks, personal checks, business checks, etc. Are other institutions able to identify various types to that level of granularity? Is that the norm?
11/29/2015
Must the CTRs be combined if one corporation owns two DBA accounts?
08/31/2015
When the owner of an ATM resides in a state that requires the ATM be registered refuses to register that ATM; do you file a SAR on that customer for failure to provide documentation? If a SAR is required, does the continuous SAR filing rule apply until the customer complies?
06/02/2014
Can SAR information be given to internal auditors? I have always been told to keep these strictly confidential.
02/10/2014
Our bank currently has BSA/AML transaction monitoring software and a staff of analysts but we are considering outsourcing this function. How do you suggest we determine if outsourcing the transaction monitoring function is the best option for our bank?
02/03/2014
Our bank is looking to increase the productivity of our BSA department by reducing our BSA/AML transaction monitoring workload. Are there any options available that will allow us to still comply with BSA regulations?
01/27/2014
If a customer does one cash advance or multiple cash advances in one business day, is a CTR required?
01/27/2014
Our bank currently has BSA/AML transaction monitoring software and a staff of analysts but we are considering outsourcing this function. How do you suggest we determine if outsourcing the transaction monitoring function is the best option for our bank?
01/20/2014
Our bank is looking to increase the productivity of our BSA department by reducing our BSA/AML transaction monitoring workload. Are there any options available that will allow us to still comply with BSA regulations?