Most Popular Compliance Content
SARs Submitted to FinCEN Data Breach Leak
11/08/2020
Is there a way to know if any SARs submitted to FinCEN by my institution were among those leaked in the recent data breach?
Handling Reg E claims on older transactions
11/01/2020
If an EFT claim is made long after the statement is sent showing the transaction, the rules of investigation don't apply. So why do we investigate any of these claims?
Can 2 Separate LLCs have a "Joint" Bank Account?
11/01/2020
Can two separate LLCs have a "joint" bank account, and if state laws impact this, in the state of Florida?
EFT Claims for Online Services-No Shipping Address
11/01/2020
We have had several EFT claims recently that involve online debit card transaction to dating sites and adult sites. Both of which may have a trial membership period where the customer signs up for very little and then in 7 days or so gets hit with a heftier fee, and then many more. The customer claims they did not authorize the transactions. Our employee contacts these merchants; gets verification the customer signed up for the trial membership, the date they signed up, the name on the account, the email, and possibly the address associated with the account. My concern with these types of sites is that there may not be a shipping address as they are online services, so we can't say there was a shipment to their physical address. If the customer is claiming they didn't sign up for the services, yet the merchant is providing us with all the other information that coincides with our customer's information, is that enough to still deny the claim or should it be paid based on the customer's statement?
Escrowing during Construction
10/25/2020
Can we collect property taxes during construction based on the completed value of the home?