Breaking Sadness Amendment
Bank Safety Act
Bank Safety Amendment
Bank Secrecy Act
We think the law is worthless.
it protects the credit union
It gives the credit union more money
It is in our contract
To combat terrorism
To combat drug trafficking
To encourage immigrants to become more patriotic
To protect soldiers opening accounts.
Implements a Member Identification Program
Participates as an EEO employer
Maintains yearly staff compliance training
Monitors and reports certain currency and suspicious activity.
Do you have any loans with us?
What are the first four of your social security number?
Do you participate in online banking?
Where did you last use your debit card?
To keep a list of celebrities and where they bank.
To send yearly reports to the IRS about citizen's salaries.
To fight against illegal immigration.
To protect institutions from unknowingly doing business with terrorists.
When a new member opens an account.
Immediately after a member closes their account.
Monthly, on all current and past members.
For all non-member transactions.
No action is needed
File a CTR
Call over to your manager to discuss her account in front of her
File a SAR Initiation Request and not tell her.
Member change of address 4 times in the last month
Member updating phone number in person
Late payments without previous history of late payments
Numerous credit inquiries
Member requesting a change of address form
Member making an early payment
Tell the member that you'll "let it slide" this time and proceed with the transaction.
Inform the member you cannot bend the rules and she will need to wait until she has an updated license. You then tracker this in Gold
Look at previous IDs in her account to conclude she is the correct person on the account. Once you see other IDs on file, you do the transaction. Then you proceed to make a tracker in Gold specifying a transaction was done and the member will bring an updated ID next time.
Excuse yourself to speak with your manager then ask your manager if it is permissible to continue for this one-time transaction, which they confirm it is. Then you proceed to make a tracker in Gold specifying a transaction was done and the member will bring an updated ID next time.