Can an IRA be seized in an IRS Tax Levy? In bankruptcy?
What is the difference between a service charge and a maintenance fee?
What is the maximum penalty that a bank can charge on a certificate of deposit?
I keep getting exceptions for OFAC compliance due to the OFAC search being done the day before an official check is dated and issued to a non-customer. My BSA officer states that the official check and the OFAC search must be dated on the same day. I realize that I do not want to disburse any funds to non-customers before I do an OFAC search, but I do not fully understand why this cannot be done a day before the funds are disbursed. My BSA officer claims that this non-customer could show up on the OFAC terrorist list overnight. I cannot find any documentation to support her theory. Is she correct?randy
I am looking to incorporate some language within our membership handbook under the PATRIOT Act notice on questioning certain banking transactions. I have been searching the web but having difficulty finding anything. Something along the lines that " We may contact you regarding certain transactions that appear out of normal pattern", etc. Basically I would like to cover us for when we do reach out to a customer on unusual or just unexplainable transactions that do not appear usual?