I am a new security officer, and I have two questions for a BOL Guru. 1.Since I am new to this position, I would like to know what types of legal liability I might be facing. Management tells me I am covered by the bank's Directors and Officers liability policy. Can I be sued by accountholders or have monetary problems with the regulators? 2.Our new CEO has never worked for a financial institution; in fact, he comes from another industry entirely. He feels that we are just as safe as retail stores, so we don't need to do anything special for risk management or security except train annually and report to the board that the training has been done. Is he right?
Would you consider a Doctor as High Risk for BSA purposes?
Can SAR information be given to internal auditors? I have always been told to keep these strictly confidential.
We have heard that there is a new regulation stating that someone cannot deposit cash into an account they are not a signer/owner of. Has anyone heard this?
DDA customer account auto closes because the balance went to zero. Customer comes in 2 days later wondering what has happened. Must they be re-CIPed to re-open their account?