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 Does aggregated total mean the amount deposited and the amount withdrawn as one total?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

Bitcoins and BSA

Question: I read with interest your article on bitcoin technologies, and I was wondering if bitcoin transactions are subject to BSA suspicious activity reporting requirements?

Social Media Strikes

08/18/2019

I had a question regarding our website. We were wondering if we should have "Officer's" names on the website for each branch. I've kind of struggled with this one because they've been on there a long time and it seems most other banks have some staff on their sites, but is that opening us up to risks?

I saw the robber in the store!

08/11/2019

I am a security officer for a financial institution. We had a robbery where a gun was shown to the victim teller. Today she entered my office to tell me that she saw the robber last night in a local store. Did she or didn’t she? How should I proceed?

Handling the Aftermath of a Critical Incident

08/04/2019

I am working next to a man who told me he purchased a new gun. He was talking about how much fun it would be to chase the CEO across the parking lot. Two years ago, he survived an active shooter incident.

Handling the Aftermath of a Critical Incident

07/28/2019

What is happening to Sarah? She was always so friendly! The last two months she has been a bear to work around. Today Sam said his dog had died, and she told him to “suck it up!”

Business Man deposits a large check

06/16/2019

A local business owner posted this on a social media website. “ As a business account I was told by the teller not to come in just before closing as the teller had too much to do at closing time.” What should we do now?

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Security Training View All

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!