What gauge of steel is recommended for the under counter of the teller line?
Do we as a bank have the right to refuse a wire transfer request if we feel it is suspicious and unusual activity for a particular customer? This customer had a wire come in yesterday and is now requesting an international wire transfer to Nigeria. Of course we know our responsibilities under BSA and the steps we need to take for suspicious activity, but we also would rather simply refuse to conduct the transaction altogether.
Can commercial DDAs be interest- bearing?
I have a new customer who has a single member entity that is disregarded for tax purposes (rental income and expenses are reported on personal tax return), but has been assigned an EIN separate from his SSN. The entity is 12 years old and he has misplaced his letter from the IRS verifying the LLC's EIN. What is the easiest way to document this to comply with CIP procedures? Can I take his and his accountant's word that the EIN is correct?
What specific regulations do examiners look for training on, and how often should it be done?