Most Popular Compliance Content
BSA Training—who conducts it?
09/19/2021
Who should do the BSA training?
10 Day Hold on Check?’
09/19/2021
I am wondering if it is against regulations to place a 10-day hold on a check? I always thought we couldn't go past 9 days. Please refresh my memory!
Internet Gambling Site Exemption UIGEA
09/19/2021
I have a customer that appears to be processing personal transactions through his business account with FanDuel internet gambling site. FanDuel operates under a specific exemption written into the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) that allows for fantasy sports contests. Am I correct in thinking that the use of FanDuel is not a violation of Reg GG? Also, is conducting personal transactions through a business account SARable?
Reg E Scam Claims
09/19/2021
If a consumer is scammed and instructed to purchase gifts cards and give the scammer the card information, is this covered under Reg E?
Fake Checks w/o Payee or Endorsement
09/12/2021
A corporate customer's account was recently compromised. Information from an authentic check was used to create fictitious checks. Numerous $100 checks were negotiated. The fake checks don't include a payee name. In addition, the checks don't have any type of endorsement. If we consider these checks bearer instruments, and no endorsement is required by UCC, do we have any recourse with the institution who processed the (fictitious) checks, or is the loss on our side since the customer failed to identify the fake checks in time for a timely return?
