Safe Deposit Compliance & Legal

Safe Deposit Compliance/Legal Update

BSA, SAR, USA PATRIOT ACT & Other Regulations

(Answers to Most Frequently Asked Questions)

Improve Your System:

Questions regarding the “NEW” Suspicious Activity Report, USA Patriot Act, deceased renters, past due boxes, abandoned property, payable-on-death clauses, living trusts, power of attorneys, Americans with Disabilities Act, and many other legal and compliance areas have caused great concern and confusion for the safe deposit industry. At this workshop you will receive current information about all of these issues and an in-depth explanation about how they impact on your financial institution and your safe deposit box renters.

David McGuinn, a nationally known expert in the area of safe deposit, will provide clear concise answers to complicated questions regarding your institution’s responsibility and potential liability. He will also identify and discuss various compliance issues relating to each legal topic.

What You Will Learn:

Get answers and updates to the following questions and establish internal procedures to comply with your own safe deposit requirements.

What seven suspicious safe deposit transactions always trigger an SAR?
How does the USA Patriot Act affect all safe deposit areas nationwide?
When are box contents sent to the Unclaimed Property Department?
What BSA & SAR violations are compliance examiners finding now?
Who must be present during a past due box drilling in your state?
What amount of safe deposit liability insurance should you carry?
How does the American with Disabilities Act affect safe deposit?
How should you answer a renter’s questions about insurance?
Who can legally enter a deceased renter’s box in your state?
Should a power of attorney be used to enter a renter’s box?
How can adding “payable on death” clauses get you sued?
Can you set up a safe deposit contract as a living trust?
Can money, guns or drugs be legally stored in a box?

Who Should Attend:

This informative program is designed to update compliance officers, vault supervisors and attendants, branch managers, auditors, training directors, new account personnel and your in-house legal counsel.