Most Popular Compliance Content
Are We Required to Monitor Our Moderate Risk Customers?
04/09/2023
Our automated surveillance monitoring system identified 400 customers as moderate risk. Are we required to monitor the activity?
Do all businesses register for beneficial ownership?
04/09/2023
Do general partnerships have to register with FinCEN?
Should All ATM Owner/Operators be Considered High-Risk?
04/02/2023
We have independent ATM owners as customers. Should we classify them as high-risk?
New Fee - Disclosure Rules
04/02/2023
Our bank charges a telephone transfer fee. This was a new fee added recently. According to Reg E Section 1005.7(b)(5), we must disclose any fees for EFTs or the right to make transfers. I wasn't sure if the fees described in Reg DD applied to this type of transfer fee. Would we need to disclose this fee 21 days prior to the change?
What is Authorized Push Payment (APP) fraud?
04/02/2023
What is Authorized Push Payment (APP) fraud?