Most Popular Compliance Content
Finding a List of Required Policies
10/20/2003
Do you know of or can you provide a list of regulations/acts/laws that require written policies, for example, BSA.
New Institution: Starting a CRA File
10/20/2003
I have been hired as the compliance officer of a new bank and found out they do not have a CRA file started. What is required for new banks? We opened earlier this year. We are a community bank with one branch. What do I need to do?
Joint Accounts, ITINs, and Interest Reporting
10/20/2003
We have a joint account for two individuals; one is a nonresident alien with an ITIN, the other one is a US citizen with a SSN who is an 'in case of emergency' signer. Is the interest reported on a 1042S using ITIN of primary owner or does the interest HAVE to be reported on a 1099 using the SSN of the emergencyonly signer?
OFAC Help on Wire Transfers - Mary Beth Guard
10/13/2003
OFAC Help on Wire Transfers
by Mary Beth Guard, BOL Guru
Using Credit Reports to Satisfy CIP Requirements -- Primary Payment Systems, Inc.
10/06/2003
I am looking into the USAPA for our mortgage company and I think the credit bureaus we are using would be sufficient for CIP, I would like to know if the credit report alone be sufficient or would we need other documentation the reports include OFAC checks, address checks, name, and S.S. verification? Also if the credit reports are sufficient should we keep it in separate file specifically for CIP?