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Did you inherit the safe deposit area and then start wondering what liability might exist? Historically, this responsibility has been routinely passed from employee to employee with little attention given to existing procedures or documentation. Unfortunately, only after a serious employee mistake or a disaster, burglary or lawsuit occurs, does management turn its attention to this area.
David McGuinn is a nationally known safe deposit box expert and answers thousands of regulatory, security and compliance questions. He knows firsthand what to look for, from the most common errors to the not so common, but potentially costly mistakes. This timely presentation contains valuable information about the most frequently asked safe deposit legal questions. Whether you have 50 or 5,000 boxes this comprehensive presentation will help you review and update your current state, federal and security regulations and procedures.
What You Will Learn:
This presentation answers many thought-provoking questions and addresses the following topics:
Regulatory Compliance and Legal Issues:
Why did the FBI and DEA drill boxes and seize all the renter’s box contents?
What seven (7) suspicious safe deposit activities require you to submit a SAR?
Why are financial institutions being sued after incorrectly drilling renter boxes?
How does the Servicemembers Civil Relief Act (SCRA) apply to past due boxes?
Does the “Beneficial Ownership of Legal Entities” law apply to all business boxes?
Security and Disaster Recovery Issues:
Why did $400 million in box contents disappear during a safe deposit vault burglary?
How can FDIC or NCUA signs, logos or brochures create safe deposit liability?
Why should all renters be provided with a “No Insurance” disclosure form?
What thirty questions will always be asked in any safe deposit lawsuit?
Why are nationwide safe deposit vault burglaries now on the rise?
Plus: View several very interesting safe deposit “LAWSUIT” TV specials.
Who Should Attend?
This informative program will benefit security officers, safe deposit supervisors, vault attendants, compliance officers, auditors and your in-house legal counsel.
Questions and Answers