Vendor Guru Q&A - Security

Restricting Access to Employee Account Info

Latest Security - Suspicious Activity Topics

Violation if Teller Shares Info to Police?

11/20/2016

We had an individual come in to open a new account. They had an out of town license, out of town tag on car, out of town address on a Treasury check and wanted cash back. We said no for various reasons and they left. Later a policeman who banks with us came in. The teller told him about the situation and he asked for copy of the license and check (which the teller provided). He ran the license and discovered there were multiple warrants out for arrest of the person. Later our CFO freaked and said the teller violated laws by providing the info to the policeman. I was wondering what laws were broken and if we are opened up for a lawsuit.

Meaning of Aggregated Total on SAR

04/21/2014

I am unsure what to enter when completing the dollar amount involved on a SAR. Does aggregated total mean the amount deposited and the amount withdrawn as one total? An example is a kiting scheme, would I enter the amount of checks deposited from the other bank or the amount of checks written to the other bank or both?

Suspected Money Laundering in the Residential Real Estate Industry: An Assessment Based Upon Suspicious Activity Report Filing Analysis

04/02/2013

FinCEN conducted an assessment of SAR reports on money laundering involving the residential real estate industry.

Identifying and Reporting Suspicious Transactions for Introducing and Clearing Broker-Dealers

02/21/2013

By FinCEN Office of Regulatory Policy

Preparing Your Annual Security Program Report

01/07/2013

by Dana Turner, BOL Guru
Guru Bios

Overview

Time Frame for Filing a New SAR after the Original

03/19/2012

In suspicious activity reporting, how long after the original SAR is filed should the bank track and try to connect to that ring before filing a new SAR. Updates or amendments to SAR's filed in the past seem to diminish the value of the information if we are updating reports from sometimes years in the past.

Training Materials for USA Patriot Act

08/22/2011

I'm new to BankersOnline.com and also to compliance. I am trying to find some training materials relating to the USA Patriot Act that I could potentially use as a model for staff training at our bank. Can you point me in the right direction?

SAR Filing Timelines

01/31/2011

SARs must be filed within how many days of detecting a suspicious activity?

Reporting Insider Fraud

09/27/2010

What/where does one report insider banking fraud that includes the vice president, producing fraudulent checks with wrong routing numbers, and handing out wrong direct deposit forms?

Suspicious Activity Investigation Recordkeeping

03/22/2010

When an investigation into alleged suspicious activity by a customer is determined not to be suspicious, how long must the records be kept?

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CTR and SAR Thresholds

House legislation proposing dropping the mandatory reporting thresholds would reduce the burden for financial institutions, lowering the number of suspicious transactions banks have to report to re

BSA: When You Can't File Electronically

Beginning March 31, 2013, financial institutions were required to comply with FinCEN's mandatory electronic filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).

Releasing photographs to anyone

03/03/2019

I am currently dealing with an issue where my assistant branch manager provided a customer with images from our system that were related to a fender bender in our parking lot that involved another bank customer. She did not obtain approval from anyone to provide this information to our customer and as the security officer I would have kindly refused my customer's request. This incident has brought up the fact that perhaps we should have guidelines for our camera system users to adhere to in order to prevent future incidents like this. Do you know of any institutions that have a policy or procedures for their security camera system (CCTV)? If so, can you share it with me or give me some guidance?

Does your security vendor know the right answer?

02/24/2019

"What is the recommended schedule for the self-testing of your alarm system's communication to the monitoring center (i.e. landlines and/or cell back up)? The alarm system vendors seem to be all over the place on it."

A smart phone can kill you!

02/17/2019

During a recent program I attended, you stated a smart phone could get you killed! Really?!? Other than talking while driving, how can that happen?"

Restricting employee social media posts

02/10/2019

Can our bank prohibit (or strongly discourage) employees from listing their bank name on their personal Facebook page?

Pod Branches

02/10/2019

We have just decided to implement a pod branch design and are presently in the design phase. Do you have any suggestions on what we should focus on for this project?"

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Security Training View All

04/23/2019

Is your BSA and AML program at RISK?

presented by Susan Costonis

06/05/2019

Wire Transfer Fraud Prevention Programs

presented by Rayleen Pirnie

07/23/2019

25 Critical Mistakes a Smart Institution NEVER Makes “Updated”

presented by Barry Thompson

05/14/2019 to 05/16/2019

2019 Bank Security Conference

San Antonio, TX

11/05/2019 to 11/06/2019

2019 Lending Compliance Triage

03/03/2020 to 03/04/2020

2020 BSA/AML Top Gun Conference

Scottsdale, AZ

Deception for Dollars: Social engineering your staff and Call Center

This fast-moving program on preventing losses will focus on the information identity thieves have before they call you when trying to obtain information or financial rewards. This webinar will discuss actual attacks used against financial institutions.

Detecting and Mitigating Skimming Fraud Losses

How do you reduce skimming-related losses? By having properly trained frontline staff members who know what to look for to detect and mitigate skimming fraud losses.

Beginning Security Officers - Steps for Success

You'll learn about the foundations of a successful security program, including building a security team, communicating with management and board members, working with law enforcement and peers, and much more!