Most Popular Operations Content
Starting the SAR Clock
01/28/2024
Our bank has been questioning when a transaction is considered "suspicious" and when the time clock starts for BSA filing. Some are saying only our BSA officer/department can determine when a transaction is suspicious and that would start the 30 day SAR filing time clock. Others are saying if the client says a transaction is fraudulent, that starts the 30 day clock. How are we to determine when the 30 day clock starts?
Inefficiency caused by multiple payment channels and systems
01/21/2024
How can maintaining multiple payment channels and systems negatively impact productivity?
W-8BEN on interest-bearing accounts only?
01/21/2024
Do we only get W-8BEN on interest-bearing accounts?
Regulators’ overdrafts concerns
01/21/2024
What’s the latest word on overdrafts and overdraft fees?
CRA Rules are Final!
01/21/2024
What you need to understand about the Final CRA Rules?