05/14/2012
I have tried to contact both Mastercard and Visa and I still don't know. Can I charge a fee for processing a non-customer's cash advance from their credit card?
03/19/2012
Does anyone have a form they use when opening a business account stating they are not an MSB?
02/06/2012
When filing a CTR for a customer who deposits an on us check, do you have to put the persons information (ie account number) who owns the check?
11/22/2010
Can a Central Area Vocational Technical school be exempt from Currency Transaction Reporting?
06/28/2010
We have lenders who want to have currency printed on the back of their business cards. The idea is of it looks like a $100 bill folded up, people will look at it. We thought about expanding this idea to get more people to look at out brochures and flyers. Are there rules on this?
05/24/2010
Our bank is beginning to pick up business accounts from one of the other banks in our area, and we'd like to set up Phase II CTR exemptions for several of them without having to wait two months. Can we use the risk-based assessment method to speed up the process?
04/01/2009
09/15/2008
We are having a debate on how the Phase II exemptions work. I thought when you exempted a phase II customer, they could only be exempt for deposits or payroll withdrawals. Another person here thinks if it is a Phase II customer, they are automatically exempt for deposit and withdrawals and that there is no distinction or specification about what types of transactions are exempt.
08/18/2008
We were discussing putting a statement in our safe deposit box agreement that the customer agrees not to place currency, coin, jewelery or any other valuables in their safe deposit box. Are there any laws against this type of verbiage and is it effective in a lawsuit against the bank for missing items?
07/21/2008
Our marketing department is considering an ad where we'll advertise money for gas on new car loans. We are considering using a $20 bill or changing a $20 bill so that it has the bank name on it and advertises the product, but resembles currency. What are the rules that impact this?