03/16/2009
A big part of our IT Security budget is spent on GLBA compliance. Are we doing something wrong?
12/15/2008
When issuing a corporate check is there any clear ruling as to who is authorized to sign? Bylaws state that the CFO can sign. Can this be delegated to other employees?
12/15/2008
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?
09/22/2008
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?
03/31/2008
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.
12/10/2007
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?
02/26/2007
What is the official rule regarding cash back on deposits for business accounts? (Sole proprietorships, corporations and general partnerships.)
01/29/2007
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?
11/13/2006
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?
09/11/2006
Is it now a requirement or just a strong recommendation that members of the Board of Directors receive training on BSA?