Over the last several months, banks all across Iowa have dealt with an increasing volume of fraudulent checks. The typical situation involves fraudsters intercepting a business customer’s check to a vendor. The fraudster then either (1) creates a counterfeit check, (2) alters the check’s payee, or (3) fraudulently endorses the check. The fraudster then deposits
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2024 Banking Law Seminar Agenda Announced
Banking used to be a straightforward business. Customers made their transactions at their local branch office, stored their valuables in a safe deposit box, and turned to their local bank manager for financial advice.
Today, change and disruption is the one constant in the banking industry. Most customers do their banking online, their valuables are…
Register for the 2024 Banking Law Seminar
Banking used to be a straightforward business. Customers made their transactions at their local branch office, stored their valuables in a safe deposit box, and turned to their local bank manager for financial advice.
Today, change and disruption is the one constant in the banking industry. Most customers do their banking online, their valuables are…
A First Look Into Your Financial Institution’s Access to Beneficial Ownership Information
FinCEN has released an initial Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements. Although the Guide is not very detailed at this point, here is what your small financial institution should know as of now.
On December 22, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued…
Blog Series: What Should Your Bank Know About the CTA?
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. Over the last several weeks, Dickinson Law has covered some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities need…
Blog Series: What is the Penalty for Noncompliance with the Corporate Transparency Act?
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities…
Blog Series: What are the Privacy and Security Concerns under the Corporate Transparency Act?
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities…
Blog Series: Reporting Obligations
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities…
Blog Series: What is the Corporate Transparency Act?
On January 1, 2024, the Corporate Transparency Act will require millions of U.S. companies to file first-time beneficial ownership information reports with the U.S. Department of Treasury Financial Crimes Enforcement Network. For the next several weeks, Dickinson Law will cover some of the most significant reporting obligations as well as what businesses, financial institutions, and existing entities…
Uncharted Waters: Banking Seminar Agenda Announced
Challenges persist in the banking world, from an uncertain economy highlighted by rising inflation and climbing interest rates. These challenges are also an opportunity to test uncharted waters by taking advantage of new technology and ways of doing business. It’s also more urgent than ever that banks find ways to meet needs efficiently and in ways…