08/27/2007
If I suspect money laundering in a commercial loan account, to the point where I am going to submit a SAR, what options do I have for closing that account? Assume that I strongly suspect money laundering, but cannot prove it definitively.
08/20/2007
If I suspect money laundering in a commercial loan account, to the point where I am going to submit a SAR, what options do I have for closing that account? Assume that I strongly suspect money laundering, but cannot prove it definitively.
01/22/2007
I recently saw a response in a BOL Thread that "suggested" that when a bank is required to file a SAR on an employee (or insider) that the bank should also notify its primary banking regulator. I can find no other guidance on this matter and want to know when, or if, this is a requirement to notify our regulator when we file an employee/insider SAR.
01/02/2007
A husband and wife have a joint commercial loan of $400K and it has been brought to our attention that the wife's signature was forged by the husband. What are the reporting requirements for something like this?
01/31/2005
I'm the Internal Auditor of a community bank and will really appreciate your help with this. I'm working on the BSA Internal Audit and was trying to see if the FDIC/State requires for all employees to complete their BSA training, regardless of their department? We have a very good compliance program and training but it seems that some of the Loan department has not finish or even started with their online BSA training. Should I include as a recommendation to make sure that all employees complete their BSA training or should I write it up as violation? If you advise me to write it as a violation, give me good arguments because I have a stubborn Compliance Officer. Once again I would like to thank you for your time and assistance.
12/01/2001
As is the case with almost any change or development, the events of September 11 have brought us more compliance.