Latest Operations - Escrow Topics

The FDIC recently issued a bulletin entitled "Guidance On Currency Transaction Reporting Exemptions" (FIL-43-96).

Question: Our customer just brought in a LOT of cash- way over $10,000-to put into his account. His lawyer came in with him.

All of the regulatory agencies routinely send out press releases and requests for comment involving pending regulations or practices.

The U.S. IDENTIFICATION MANUAL has been around for years - and the newest version is now available.

Question: We filed an SAR on a customer with whom we had been having problems, and who was structuring transactions. Following the filing, we closed his account.