In regards to the BSA rule that a record of loan purpose must be retained on loans $10,000 and greater, how does this apply to lines of credit?
Our state has clarified a law regarding the open carry of guns and weapons, which will now (July 1st) allow individuals to openly carry a gun into most places. We have chosen to place signs on our doors forbidding guns in our buildings. Along with these signs, we need to come up with a policy on how we will handle those who refuse to heed the signs. Are there sample policies anywhere from which we can get some ideas? This is a new issue for us and we want to handle it in the best way possible.
I have a business customer where the aggregated cash in on all deposits is over $10,000. The business has locations in 4 different cities and all the locations had deposits on this day. Do I have to do a part 1 on the CTR for each business location?
I have a customer who was a partial recipient of loan proceeds. He asked that his part be disbursed in several cashier's checks made payable to his son. The son then would come in and cash the checks separately. Some needed a CTR and some not. I'm trying to decide if this warrants the filing of a SAR on either the father, the son or both?
Can you cash a SSI check made payable to a rep payee for a beneficiary if they don't have an account styled that way? The rep payee has a personal account. Would you have chargeback rights against the rep payee?