Most Popular Operations Content
Death of UTMA Custodian
12/10/2007
We have a UTMA account set up by a grandmother as custodian, with no successor custodian. The grandmother dies and the minor is only six years old. Can a parent become the custodian as legal guardian?
BSA Board Training
12/10/2007
How in-depth should the training be for the Board of Directors in BSA? Is a general overview of BSA/AML/CIP along with an overview of the procedures in place sufficient for compliance?
IRA Payout to Contingent Beneficiary
12/10/2007
We have a primary owner (wife) on an IRA who has named her husband as primary beneficiary on her IRA. Her son is named contingent beneficiary. The husband died (who is primary beneficiary) and then a few months later the primary owner (wife) of the IRA died. The only person alive now is the contingent beneficiary. What options does he have on the payout of this IRA? How should the distribution be done and made payable to?
Event Sponsorship
12/10/2007
When our bank is a sponsor of an event, such as a performance, and our logo appears on the performance venue's advertisements, is it necessary to also include the FDIC logo? (We are not promoting any products on the performance venue's ads for the event.)
Complete & Return a Survey - Enter a Drawing
12/10/2007
We routinely send out customer surveys to our retail customer base. We urge them to complete and return the surveys to us postage paid. We tell them that by completing and returning the survey, they will be entered in a drawing to win a Starbucks gift card. Do we run afoul of any compliance rules?