David P. McGuinn
David P. McGuinn, President of Safe Deposit Specialists, is a former banker with over 40 years of safe deposit experience and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 250,000 safe deposit personnel since 1969, and has served the industry as President of the American, Texas and Houston Safe Deposit Associations. Dave is a featured speaker for the American Bankers Association's TV network and has been interviewed by the Wall Street Journal, Money Magazine, New York Magazine, Associated Press, National Public Radio, AARP, Bottom Line Financial, FDIC, CUNA, CNN, CBS, ABC, NBC Nightly News and Court TV on current safe deposit issues. McGuinn has created numerous video and web training programs and his Safe Deposit Policy and Procedures Handbook is now the accepted standard for the financial industry.
Thursday, November 6th, 2008
10:00 am
-
12:00 pm CT
(SAR, BSA, USA PATRIOT ACT & Other Regulations)
(Answers to Your Most Frequently Asked Compliance 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 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 a SAR? How does the USA Patriot Act affect all safe deposit areas nationwide? What BSA & SAR violations are compliance examiners finding now? When are box contents sent to the Unclaimed Property Department? In most states who must be present during a past due box drilling? How can poor box drilling procedures make a box renter very rich? What amount of safe deposit liability insurance should you carry? How does the American with Disabilities Act affect safe deposit? Who can legally enter a deceased renter’s box in most states? How should you answer a renter’s question about insurance? 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.
