One of the questions that came up at the Money Laundering Session at the ABA Security and Risk Management Conference in San Diego was that of reporting suspicious transactions.
We reported in the last HOTLINE that the bill addressing Truth in Savings was before Congress.
OVER $10,000 FILING REQUIREMENT TO HIT RETAILERS
An interesting statistic is one concerning the banking industry and regulations. In the last four years, the financial institutions have been hit with ten major changes.
The bank wrote and asked for rent on Maggie Evan's divorced husband's safe-deposit box.