Most Popular Compliance Content
Internal raffles matter
06/25/2023
Can we do an internal raffle (selling tickets for a chance to win a prize) to benefit a non-profit organization?
Facebook and Drawings
06/18/2023
Can we advertise a drawing on social media only?
8 beneficial owners in 2024? Really?
06/18/2023
Can there be 8 beneficial owners in 2024?
High Risk? Anybody or Nobody?
06/18/2023
Who is high risk for BSA?
Is a wheel-spin game allowed?
06/11/2023
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.