FATCA and NRA Interest reporting
11/17/2019
When did all this interest reporting begin on NRA?
Deborah Crawford
Bio:
Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.
Questions Answered
Should we close NRAs?
11/10/2019
Do we have to close NRA interest-bearing accounts if we do not have FTIN?
Are new W-8BENs required?
11/03/2019
Should we obtain new W-8BEN on every nonresident alien customer?
Item #2 on the SAR
11/03/2019
What is a note to FinCEN?
Aggregated transactions versus Multiple transactions on a CTR
11/03/2019
When do we check aggregated or multiple transactions?
Do we file on every cyber event? A SAR?
10/27/2019
What must be in a mandatory or voluntary cybercrime filing?
Does every NRA have to have an FTIN?
10/27/2019
Do we have to look back to those customers already on our books for Foreign Taxpayer Identification Numbers (FTIN)?
IOLTA and CTR who goes where?
10/27/2019
On an IOLTA do we record the owners of the funds or the attorneys on cash transactions on a CTR?
FBI, DEA….who can get supporting documentation?
10/20/2019
Who can receive supporting documentation?
Private ATM withdrawals on CTRs
10/20/2019
If we have a customer have a private ATM withdrawal put them over $10,000 do we complete a CTR?
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