Most Popular Operations Content
Suspicious Activity/Reporting Possible Scam
01/02/2022
I am new to my role and I am needing some guidance on a situation with a customer and situations with future customers. If we are noticing customers are making several transactions day after day with several with a week of $500 or $1,000 for Apple gift cards and we believe that our customer is involved in a scam because this activity is not normal for them. Do we have an obligation and/or right to report this activity and shut down the customers cards and/or account?
Will the CTR report threshold be increased?
01/02/2022
When will FinCEN raise the threshold for CTR reporting?
Making payments move faster
01/02/2022
What changes are coming for payments processing?
Charities present money laundering risks—How do we mitigate?
12/26/2021
What are the questions we can ask to mitigate the risk of a charity?
Roth and Traditional—how much?
12/26/2021
If the customer puts money into a Roth and a Traditional to the maximum amount, is that considered an excess?