I recently heard someone say they were the recipient of a call, where the suspect claimed to have kidnapped a family member, only to learn that the alleged victim was traveling and unharmed. Is this a common scheme to get money from people?
Are Codes of Conduct enforceable in the Banking industry? Are there any sample policies you can share with us?
Our institution is reviewing procedures for our wire room and call center to respond to inquiries or actual wire transfer requests. Do you have any suggestions?
Our Compliance Division has taken the position of not letting us know if a SAR has been filed on a matter that we refer to them for a potential SAR filing. Is there some sort of regulatory requirement prohibiting the confirmation of a SAR filing?
For several years now, the most prevalent form of ATM fraud has been “Skimming”, where a device is attached to an ATM that captures magnetic stripe data as the card passes into a machine. We recently heard of a new ATM fraud technique called “Shimming”. Are they the same thing?