Most Popular Compliance Content
Using evaluations for renewals
07/14/2019
For renewal transactions, what is the threshold limit for evaluations?
Can we offer a prize to everyone, for charity?
07/14/2019
We have a “spin the wheel” promotion. To spin, a customer must donate $1 that the bank donates to a charity. All the prize amounts on the wheel are more than $1 therefore all customers will get more than they donate. The amount won is then sent to the customer via our e-wallet app. We set a certain number of spins and it is done on a first-come-first-served basis.
Reg CC’s $100 rule FINALLY gets updated!
07/14/2019
Will the $100 next-day availability rule be updated?
Add Higher Balance Tiers On Investment Savings
07/14/2019
Our private banking area is requesting to add two higher balance tiers on an investment savings account. There is no regulation or rule that would hinder this correct? The only thing I can see is if we are not offering this to other bank customers, but only to these high end customers.
Aggregation of Secondary Acct. Holder (BSA)
07/14/2019
I am seeking some advise on BSA regulations around aggregation of secondary account holder. Is it a requirement by FinCEN to aggregate transactions based on secondary relationship between accounts and file a CTR? Example: Joint account relationship Account (A) - Chris (P) / Joe (S) Account (B) - Joe (P) / Brian(S) Chris as a conductor makes 6K Deposit into Act A at Branch X Later, Joe as a conductor makes 5K Deposit into Act B at Branch Y should a CTR be filed considering Joe has secondary relationship with Chris in Account A and ultimately benefits from the deposit made?
