Most Popular Compliance Content
Possible Employee Structuring, SAR-able
11/15/2004
I overheard one employee of the bank asking a second what amount of cash triggers a CTR. Then she called a family member and said that she was holding the other cash from the fireworks sales until Monday to do a second deposit. I wonder what my liability is on this? I feel that I need to file some type of suspicious activity report. Would that be correct?
Service of Tax Levy or Garnishment Papers
11/15/2004
When accepting a tax levy or garnishment, are we out of compliance with the RFPA if we do not have the person serving the documents initial the document?
Government Check Cashing on Small Balances
11/15/2004
A customer of ours has had an account with our bank for over 50 years; this customer and spouse are both in their 70s and they refuse to have direct deposit for their social security checks. The 3rd of every month, they come in and cash their checks. Are we REQUIRED to give them their full amount (about $2,300) even though they have a $100 balance in their account? That is our requirement to maintain a savings account. They are great customers, but refuse to open a checking account or deposit any of the monthly social security checks. We think they must be stuffing their mattresses! HELP!
Fee Limit in Reg D?
11/15/2004
Is there a limit or guideline to the amount we can charge per item that exceeds the regulation transaction limit on savings accounts?
OFAC Update - Mary Beth Guard
11/08/2004
OFAC Update
by Mary Beth Guard
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