Most Popular Operations Content
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?
Would This Be Considered a Lottery?
12/10/2007
We want to run a promotion for the launch of a new employee website to encourage employees to bank at our bank. The promotion will involve prizes of $50 gift certificates. Employees that currently have accounts and employees that open accounts during the promotion would be eligible for a drawing for the prizes. Would this be considered a lottery?