Do you know of a computer program that can detect kiting transactions?
What is the time frame for SAR reporting on a check kiting case? If the check kite has been going on for a year or more should we report all of the activity or only the recent activity that may pose a financial risk to the bank?
What are some characteristics to spot a kiting situation on in- and out-going wire transfers?
How can I easily explain to someone what check kiting is and why it is illegal?
Dana Turner, a BOL Guru, has stated in several presentations that "a change in the institution's environment often necessitates a change in the institution's security strategy." How far should we carry this line of thought?
I’m new to banking and I think one of our customers is a check kiter. What do we need to do to catch the suspected check kiter? Do we have to catch the kiter or do we just fill out a SAR on the customer even though we don’t have “proof” of kiting on a suspicion?
If we suspect or know of a customer's check kiting, are we obligated to tell the other bank about it?
If an employee at a bank was caught kiting and not terminated or reprimanded in any way, who can I report this to?
How long can we place a hold on an account for a redeposited local check over $5000? We suspect kiting. Is there any way to impose a hold that exceeds 7 days?
I have a business customer that I suspect is kiting. She makes deposits to the one account with us from other accounts (different business names, tax IDs) that she has with another bank. She is consistently on our NSF report and Suspect Kiting report. These checks are what she deposits to cover her NSFs. Should I make out a Suspicious Activity Report on this customer?