We are an FDIC bank. If we change our Security Officer, do we need to send a formal notification to the FDIC? Our senior management seems to think we do, but I was unable to find anything that required that.
Could you please tell me where/when I can find up-to-date OFAC lists?
The city's chamber of commerce made a deposit for over $10,000. Is a chamber of commerce an automatic exemption or do we need to file a CTR?
When the owner of an ATM resides in a state that requires the ATM be registered refuses to register that ATM; do you file a SAR on that customer for failure to provide documentation? If a SAR is required, does the continuous SAR filing rule apply until the customer complies?
Is it possible to money launder in the hotel industry?