Course description

 

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.

 

 

 

Instructor(s)

Dave McGuinn

David McGuinn, President of Safe Deposit Specialists, is a former banker with over 45 years of safe deposit experience. He is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 350,000 safe deposit managers and personnel since 1969, and has served as President of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. All four organizations have presented him with their President's Award for his dedication to the financial industry.Dave is a featured speaker for the American Bankers Association and the National Association of Federal Credit Union's TV network and has been interviewed by the Wall Street Journal, Dow Jones Money Watch, Bottom Line Financial, Washington Post, New York Magazine, Associated Press, Money Magazine, AARP, National Public Radio, CUNA, FDIC, Court TV, CNN, CBS, ABC and NBC Nightly News on current safe deposit issues.McGuinn has created numerous safe deposit operations, marketing, audit, security, disaster and compliance manuals, brochures, forms, training videos and Internet/audio training programs. His safe deposit products and training seminars are now recognized as the recommended standard for the financial industry. All of his safe deposit resource items can be reviewed at www.sdspec.com.

Course curriculum

  • 1

    Webinar

    • Access Webinar

  • 2

    Materials

    • Slides

Reviews