When a customer violates Regulation D a third time in a 12-month period, how do most other banks prevent the customer from just opening another savings account to possibly continue excessive transactions? If a Reg D policy is established to prevent multiple savings account opening over a period of time, how do banks monitor such activity among their various branch locations?
While questioning a person we suspected of conducting an internal fraud I noticed he kept picking at his clothing. I found it to be very hard to question him as this behavior persisted.
We just had an internal embezzlement at our institution and management turned the investigation over to our local CPA firm. Many times, I felt the person hadn’t done very many investigations. Should we have asked any special questions before we retained them?
Who should investigate an internal fraud inside our bank human resources, internal audit or the security officer?
One of our branches is staffed with only three people. Our internal auditor makes it four on the days she works out of that office. Because of the low staffing (sometimes there may be only two due to illness or vacation), there is a mag lock installed on the door, where the employees can allow known customers entry. The internal auditor is now inquiring as to whether the other branches should have a policy in place in the event they are understaffed, as well. Hardly ever do we fall into a situation where another branch would fall below three people on the line, should we have a policy?"