Skip to content
BankersOnline.com for bankers. from bankers
BankersOnline.com
Training
Forums
Newsletters
Forms
Regulations
Tools
Services
Search form
Search this site
Home
Compliance
New
Top Stories Compliance
Related Sections
Training
Compliance Tools
OFAC Updates
Deadlines Calendar
Penalties
Regulations
Compliance Action
Courtwatch
Ask a Guru
Upcoming Conference
BOL Conferences
Premium Service
BankCompliance.com
Lending
New
Top Stories Lending
Related Sections
Training
Lending Tools
OFAC Updates
Penalties
Compliance Action
Courtwatch
Ask a Guru
Upcoming Conference
BOL Conferences
Operations
New
Top Stories Operations
Related Sections
Training
Operations Tools
OFAC Updates
Penalties
Courtwatch
Ask a Guru
Bankers' Hotline
Upcoming Conference
BOL Conferences
Security
New
Top Stories Security
Security Briefing
Related Sections
Training
Security Tools
Bank Robbery Suspects
Alerts & Counterfeits
OFAC Updates
Penalties
Courtwatch
Ask a Guru
Bankers' Hotline
Upcoming Conference
BOL Conferences
Technology
New
Top Stories Technology
Tech Talk
Related Sections
Training
Technology Tools
Penalties
Courtwatch
Ask a Guru
Bankers' Hotline
Forums
·
Active Threads
·
Forum Rules
·
Mark All Read
·
Log In
BankersOnline.com
Forums
Banker Forums
Operations Compliance
wire tranfers/policy and procedures
Thread Options
#1745057
-
09/27/12
10:25 PM
wire tranfers/policy and procedures
ackcompliance
100 Club
Joined:
Nov 2009
Posts: 139
Is it mandatory to have
written
policies and procedures for wires?
Return to Top
Operations Compliance
#1745064
-
09/27/12
10:48 PM
Re: wire tranfers/policy and procedures
ackcompliance
ackcompliance
100 Club
Joined:
Nov 2009
Posts: 139
We are a small bank and we have procedures in place but nothing written down.
Return to Top
#1745088
-
09/28/12
03:02 AM
Re: wire tranfers/policy and procedures
ackcompliance
Greg
Platinum Poster
Joined:
May 2004
Posts: 833
Michigan
If you don't have written procedures how do you discipline an employee for violating them?
_________________________
If you approach life with pure logic you can avoid almost all of the fun.
Return to Top
#1745102
-
09/28/12
12:29 PM
Re: wire tranfers/policy and procedures
ackcompliance
Retired DQ
10K Club
Joined:
Dec 2002
Posts: 40,766
Turnpike Exit 10
I am a firm believer in written P&P.
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain
Return to Top
#1745154
-
09/28/12
02:32 PM
Re: wire tranfers/policy and procedures
ackcompliance
ackcompliance
100 Club
Joined:
Nov 2009
Posts: 139
Yes I think we need them too and I don't know how not having a written wire policy would have slipped through the cracks for that long...
Return to Top
#1745155
-
09/28/12
02:35 PM
Re: wire tranfers/policy and procedures
ackcompliance
HappyGilmore
10K Club
Joined:
Jun 2004
Posts: 19,858
Pulling people out of the ditc...
what do you provide to auditors or regulators when they ask "please provide a copy of your wire policy and procedures?"
_________________________
Providing alternative truths since the invention of time
Return to Top
#1745242
-
09/28/12
04:27 PM
Re: wire tranfers/policy and procedures
ackcompliance
ackcompliance
100 Club
Joined:
Nov 2009
Posts: 139
I don't know what they did in the past... The BSA policy has a little blurp and the ACH policy has a little information in it as well but as for procedures nothing is written down. I'm assuming everything was done through interviews in the past.
Return to Top
Previous Thread
Index
Next Thread
Preview
Hop To
Special Instructions ------
Instructions for Accessing PRIV...
Dodd-Frank Final Rules Discussions ------
Regulation B Small Business Loa...
TRID - TILA/RESPA Integrated Di...
Ability to Repay/Qualified Mort...
Escrows on Higher-Priced Mortgages
HOEPA and Homeowner Counseling Rule
HMDA Overhaul 2018
Interagency (Reg Z) and CFPB Re...
Loan Originator Compensation Rule
Mortgage Servicing Rules
Remittance Transfer Rule
Banker Forums ------
Comments on Proposed Regulations
Article 9
Audit
BSA/AML/CIP/OFAC Forum
CRA
Deposits and Payments
Disaster Recovery
eBanking / Technology
Fair Lending
FCRA
Financial Reform
Flood Compliance
General Discussion
HMDA
Human Resources
Lending Compliance
Lending to Servicemembers (SCRA...
Marketing
Need to Remain Anonymous
Newbie Nook
Operations Compliance
Regulatory Rollback Forum
RESPA
Risk Management
S.A.F.E. Act Forum
Security - PUBLIC
State-Specific Compliance Issues ------
Other States - General
Puerto Rico
Arkansas
California
Colorado
Connecticut
Florida
Georgia
Illinois
Indiana
Iowa
Kentucky
Louisiana
Maryland
Massachusetts
Michigan
Minnesota
New Hampshire
New Jersey
New Mexico
New York
North Carolina
Ohio
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
Washington State
Washington, DC
Wisconsin
Wyoming
Non-Business Discussions ------
Chat! - BOL Watercooler
The BOL Couch
Moderator:
Andy_Z
,
John Burnett
Print Thread
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary