09/01/2002
Associated Bank, Green Bay, Wisconsin, has created a fully integrated business system designed to allow business banking to do better information management.
08/01/2002
FinCEN was asked by the General Accounting Office (GAO) to conduct a study on how credit/debit/ATM cards may be used in facilitating money laundering.
06/03/2002
Does the periodic statement exception <a href="http://www.bankersonline.com/regs/205/2059.html">205.9(c)(1)(i)</a> for passbook accounts apply to telephone banking transfers or to ATM activity on a passbook savings account? We are adding ATM access and Telephone banking and were wondering if the passbooks were exempt from the periodic statement requirement. If not, it would probably be easier for us to only offer these services with a statement savings account.
05/20/2002
What are the rules concerning Medallion Signature Guarantees? Are they "know your customer"?
04/01/2002
Do you have to fill out a CTR form for the government if it is a wire transfer that is being sent over 10,000.01? I've heard different things in this area.
03/11/2002
When sending wire transfers for a customer who regularly sends wires, is it necessary to check this customer against OFAC each time, or would it be sufficient to check them each time OFAC posted an update? I understand the importance of checking the non-customer, but was a little dismayed at the prospect of checking customer Smith each time he wires.
03/01/2002
02/04/2002
Does the BSA require the originating bank of a wire transfer over $3,000.00 dollars to have both the name and address of the beneficiary?
09/01/2001
The banking industry last year apparently negotiated $31 million worth of checks for people no longer alive.
08/06/2001
Our customer says he didn't make several ATM withdrawals that showed up on his last statement. We tend to think he's lying, but the ATMs that were used didn't have cameras. What is the downside of just refusing to give his money back?