What is the best way to get buy-in from key players that need to be involved in the risk assessment process? How do we sell it?
What position (head teller, loan officer, etc.) of the bank would be the best candidate for our BSA officer? Would it be our compliance officer?
I plan to include a recommendation in my annual report to change the current reporting structure for the Security Officer. Presently, I report to the VP of Retail Operations. I am seeking references to cite that advise the bank security reporting structure should be in other areas such a finance, risk, administration, but not through retail because of the apparent potential for downward influences and the need for independence.
How in-depth should the training be for the Board of Directors in BSA? Is a general overview of BSA/AML/CIP along with an overview of the procedures in place sufficient for compliance?
What is the official rule regarding cash back on deposits for business accounts? (Sole proprietorships, corporations and general partnerships.)
If the only officer of a corporation who has a business account dies, but there is another signer on the account, can that signer add another signer to the business account? How would they add someone else as an officer for the business?
If a reputable and good standing community bank (Bank A, which is publicly traded) approaches another good standing community bank (Bank B, which is publicly traded) for merger talks, is it not the fiduciary responsibility of Bank B's Board of Directors to entertain the idea of the merger? What are the rules and regulations that state bank board of directors have a fiduciary responsibility to not only the bank, but the stock holders as well?
Is it now a requirement or just a strong recommendation that members of the Board of Directors receive training on BSA?
Can you offer a special checking account to a select group of people, ie: they all work at the same place, without discriminating against other customers if they are not employed by the same company?