In his remarks at the Bank Administration Institute Security Conference in Orlando in April, Ken Arnold, V.P.
INSTRUCTIONS DIFFER DEPENDING ON AGENCY
The banker attending the Bank Secrecy Act Seminar felt he had a legitimate problem, and asked the panel of experts for their help.
Question: We have a customer who deposits numerous checks each day who wants to do their own encoding. What is our liability if we allow them to do that?
No Summons Or Subpoena?No Records!
Question: We have an overdrawn account on which we have been trying to collect for some time.