How can the bank optimize its vendor risk management efforts?
If a third party vendor was already with us before we began doing due diligence on third party vendors, do we need to do a relationship survey sheet on them? What if they are no longer in business? The group that helped us put our PandP manual together is no longer in business.
What are regulators currently looking for in business continuity plan testing?
Yet another bank has fallen under a BSA examination. The Federal Reserve System recently announced a written agreement with Deutshe Bank Trust Company Americas.
In order to comply with the BSA, do I or do I not have to complete a site visit for every business account that is opened? If this is a requirement, where is this stated?
If a customer chooses to have his/her name removed from a CD and he/she is the primary owner, meaning he/she signed the W-9 verification, is it necessary to have the new owner sign a W-9, since any interest earned will be reported with the new TIN number?
When completing the biennial filing, should the customer re-sign a statement that less then 50% of their gross revenue is from gambling?
It's official. The agencies have published joint examination procedures for customer identification programs.
If a customer notifies the bank of a counterfeit item that was included in their statement from two months ago, can the item be returned to the bank that cashed or accepted the deposit of the counterfeit item at this late date?
Commonly cited violations have long been a source of important information for the design and management of compliance programs.