Special Sample Edition    August 2010 View Web Version | Text Only Version

"The only thing we have to fear is fear itself." - President Franklin Delano Roosevelt

In This Issue
Top Stories
Welcome to The Advisor
The Dodd-Frank Act of 2010
FinCEN Corner
FinCEN Values BSA Data
Better Communication Could Improve FinCEN Support
Questions of the Month
CTRs and On-Us Checks; Registering with FinCEN
Online Services
Bandit Tracker Posts Robbery Videos
Feature Articles
National Preparedness Month
Insider Knowledge Plus Corrupted Mind Equals Ruined Future
South American Theft Groups Target Banking Customers
Keep Those Eyes Peeled!
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Top Stories
The Advisor - serving the industry since 1977
Welcome to The Advisor
by Phillips G. Gay, Jr., President, NABS/Profit Protection, LLC

It is with great pride and joy that the staff of the National Association for Bank Security and Profit Protection, LLC brings you this special sample electronic edition of The Advisor. This new format marks the latest step in the continuing evolution of a unique monthly advisory service that has served the financial institution industry since 1977. Subscribers now have instant access to online resources referenced in the articles. Reaction to the new format has been universally positive.

"I received The Advisor today in the 'Green' format and I really enjoyed reading the articles," wrote Steve Brandle, security officer of Independence Bank in Owensboro, Ky., in an email to the publication. "I have found The Advisor very informative over the years and I still have my copies from the early 1990's."

"You have made my day and Jerry K. (Jerry Kenna, the late founder of Profit Protection, Inc.) would be proud," Brandle continued.  "If you don't subscribe to The Advisor, you are missing an outstanding resource! I have recommended The Advisor to many financial institutions to subscribe to because I believe in the product."

"Thank you - this is much better than paper copy," wrote Security Officer Gene Van Vranken of  Hawthorn Bank in Jefferson City, Mo. 

We recommend that you do not print out your copy of The Advisor but read it on-screen instead to take advantage of all of the newsletter's functionality. However, should you need a "paper copy," the entire issue and each individual article can be printed out by selecting the appropriate link in the Newsletter Tools menu in the left-hand column. To print out a single article, you need to be on the page on which the entire article appears.

All the stories in this issue of the newsletter appear on the front page either in headline form in the table of contents down the left column of the page under In This Issue or in a story teaser format down the right column. A single click on the story headline in the left column or on the Read More link at the end of every story teaser will take you to the full story. A regular monthly issue usually contains 20 to 25 articles. Read more

Obama signs new law.
The Dodd-Frank Act of 2010
Amidst controversy, argument, and boisterous condemnation, President Obama signed sweeping United States financial reform into law on July 21st. The new law, which will certainly have security ramifications, is touted as the biggest overhaul of American financial regulation in decades, one that will surely change financial institutions that brought the country the most dire systemic financial crisis since the Great Depression. Read more
Related News Related News
FinCEN Corner
FinCEN Values BSA Data

Bank Secrecy Act data plays a great role in helping FinCEN fulfill its mission of enhancing US national security, deterring and detecting criminal activity and safeguarding financial systems from abuse by promoting transparency in the US and international financial systems. Read more

Related News Related News
Better Communication Could Improve FinCEN Support

Better communication could enhance the support the Financial Crimes Enforcement Network (FinCEN) provides to law enforcement, according to a study by the Government Accountability Office (GAO). Read more

Questions of the Month
CTRs and On-Us Checks; Registering with FinCEN
Q. A non-customer wants to cash a large on-us check.  Who should be reflected on the CTR - the non-customer or our customer who wrote the non-customer the check? Read more
Online Services
Bandit Tracker Posts Robbery Videos

"It's a chance for more people to see the video, to see the photos; the more exposure, the more chances to make an arrest," says FBI Assistant Special Agent in Charge Belle Chen. Read more

Feature Articles
National Preparedness Month
September is National Preparedness Month. What better time to review your emergency preparedness plans in order to improve them? National Preparedness Month is a nationwide effort held each September to encourage Americans to take simple steps to prepare for emergencies in their homes, businesses, and schools. The goal is to increase public awareness about the importance of preparing for emergencies and to encourage individuals to take action. Read more
Insider Knowledge Plus Corrupted Mind Equals Ruined Future
This was a formula for personal disaster. A bank teller was recently sentenced to five years in prison and slapped with an assessment of $37,000 for conspiring to commit bank robbery. Read more
Robert Taylor
South American Theft Groups Target Banking Customers
by Robert Taylor, Director of Operations, SATGIN

The South American Theft Groups, identified by the FBI as a Transnational Criminal Organization, have typically targeted bank customers as they conduct their transactions inside a bank, but now they have become so bold as to place surveillance teams in and around bank drive-through lanes. Read more

Keep Those Eyes Peeled!
Scottsdale, Arizona, police have warned the public about skimmers found on ATMs in their area. They say the technology is so good it is very hard to tell a skimmer is attached to the machine. Not so good as to get past the sharp eyes of a local customer and bank service technician, however. Read more

The Advisor is published monthly by:
National Association for Bank Security/Profit Protection, LLC
4800 S.W. 51 Street, Suite 101
Fort Lauderdale, FL 33314
Toll Free: 800-390-6227
Fax: 954-327-1226
Web Site: www.banksecurity.com

Thomas R. Duxbury, MA
Advisory Board

Greg Benson
Timothy E. Doherty
Thomas R. Duxbury, MA
Maureen Holteen
Marcus H. Ford

Jay M. Friedland, Esq.
Phillips G. Gay, Jr., CRCM, CRP, CAM
Fred A. Gwin, CPP
Alan J. Hazen
Boris F. Melnikoff, CPP

R. Eugene (Gene) Seitz, CBE
Bill W. Thompson, CPP
J. Branch Walton
Susan Wind

Copyright© by the National Association for Bank Security/Profit Protection, LLC. All rights reserved. Subscription rate: $185 per year (12 issues) in the U.S.A., U.S. possessions and Canada; substantial volume discounts are available. The information contained in this publication is intended to report incidents directed against financial institutions and furnish guidelines for its readers and is not purported to be legal advice or to represent that the guidelines are applicable to all the circumstances of every financial institution. For legal advice, users are encouraged to consult appropriate legal counsel. Neither the publishers nor NABS/Profit Protection, LLC, will be responsible for any consequences resulting from the use of any information contained herein.

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