Most Popular Compliance Content
Sanctions List for Individuals vs. Countries
10/31/2021
We have a customer who wants to wire money to Pakistan. I don't understand the sanctions list. If there is a list of entities shown, does that mean that we shouldn't send the wire? Is the sanctions list specifically for individuals or countries?
Escrowing during Construction
10/31/2021
Can we collect property taxes during construction based on the completed value of the home?
Info on Customers with CTR Exemption
10/31/2021
We continue to collect information regarding deposits over $10,000.00 from our customers who have a CTR exemption. Is this necessary?
Part III of a CTR- ATM at Different Location
10/31/2021
How do I handle Part III of a CTR if part of the withdrawal was at a branch and the other part was through an ATM at another location? The total cash amount exceeded $10,000.00 in one day.
Sanctions List for Individuals vs. Countries
10/31/2021
We have a customer who wants to wire money to Pakistan. I don't understand the sanctions list. If there is a list of entities shown, does that mean that we shouldn't send the wire? Is the sanctions list specifically for individuals or countries?