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#2009543 - 04/22/15 05:26 PM Bankers Indicted
Retread Offline
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Retread
Joined: Oct 2003
Posts: 2,548
Southeast
Thought some of you might be interested in this article.

Bankers Indicted
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#2009549 - 04/22/15 05:43 PM Re: Bankers Indicted Retread
ACBbank Offline
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ACBbank
Joined: Jul 2006
Posts: 4,331
New York City
Thanks for posting Retread.
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#2009556 - 04/22/15 05:56 PM Re: Bankers Indicted Retread
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,828
Pulling people out of the ditc...
i can hear the officer's now..."but they're long time customers and good people, why should I bother asking the source of the funds, they own a business, they're salt of the earth..."
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#2009614 - 04/22/15 08:12 PM Re: Bankers Indicted Retread
jaenelle Offline
Member
Joined: Sep 2005
Posts: 50
Kansas
Things like this just amaze me. Making a mistake or a good faith decision that turns out to be wrong is one thing, we've all done that. Ignoring something this obvious is another thing entirely.
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#2009617 - 04/22/15 08:23 PM Re: Bankers Indicted Retread
Sunshine Lady Offline
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Sunshine Lady
Joined: Apr 2014
Posts: 670
You would think that they would have enough common sense not to put their jobs and reputations on the line and then end up going to jail. What a waste.
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#2009647 - 04/22/15 10:07 PM Re: Bankers Indicted Retread
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Intrigued that that bankers (individually) were charged with failing to file a SAR. I thought that the legal responsibility was the bank's. There are tons of other articles, mostly rewrites of the DOJ press release, but I cannot find the indictment.
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#2009984 - 04/23/15 10:17 PM Re: Bankers Indicted Retread
bcompliance Offline
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Joined: Sep 2014
Posts: 1,292
What are others polices/procedures as far as verifying funds and how would you go about introducing that to a staff that has the mentality mentioned above. "They are good customers" or "I'm not going to ask anyone what the funds of a loan are for because it's not my business".
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