This seminar will be held via Zoom.


Member Fee: $265 (Live or Recording)
Non-Member Fee: $465 (Live or Recording) 


10:00am-12:00pm   Top 50 “Most Important” Operating Procedures:
The safe deposit operation is a unique, fast-changing service in the financial industry. It is the only product or service in which your staff members do not know the value of a consumer's assets. As a result, every vault transaction can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This seminar covers the "nuts and bolts" and the recommended day-to-day operating procedures for your institution.

• Can box keys be duplicated using silly putty and epoxy glue?
• Will your part-time attendant make a good courtroom witness?
• Do you follow the ten necessary steps when granting box access?
• Do you have at least ten items included in your new box renter's kit?
• Can FDIC insurance signs, logos or brochures create safe deposit liability?
• And much more...

12:00pm-1:00pm Lunch Break

1:00pm- 3:00pm   Top 25 Safe Deposit Legal & Compliance Issues: (Overview of Your Current State and Federal Regulations)
Questions regarding deceased renters, payable-on-death clause, living trusts, court orders, Servicemembers Civil Relief Act, USA Patriot Act, Suspicious Activity Reports, power of attorneys, Americans with Disabilities Act, past due boxes, abandoned property, and many other legal and compliance issues that have caused great concern and confusion for the safe deposit industry. You will receive current information about all these issues and an in-depth explanation of how they impact your financial institution and your safe deposit box renters. 

• Does the new “Beneficial Ownership of Legal Entities” regulation apply to business boxes?
• Are you aware of the seven suspicious safe deposit box transactions that trigger a SAR?
• Do you know what identification must be provided to access a deceased renter’s box?
• Are you collecting the “SEVEN” drilled box fees from all your delinquent box renters?
• Do you file a SAR if suspicious items are found during any drilled box inventory?
• And much more...
  

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.


David P. McGuinn, President and founder of Safe Deposit Specialists, is a former banker with over 50 years of safe deposit experience. His nationwide clients often referred to him as the safe deposit GURU. In all 50 states he has trained over 350,000 safe deposit personnel since 1969 and is a featured speaker for the American Bankers Association, National Association of Federal Credit Unions, Independent Community Bankers of America and over 100 other financial associations. He has been interviewed by all major TV networks and by hundreds of nationwide financial publications on current safe deposit issues. McGuinn has created many safe deposit forms, marketing brochures, training DVD's and his Policy and Procedures Handbook, Regulatory/Compliance, Box Relocation and Disaster Recovery (Flood & Fire) Manuals are now recognized as the accepted standard for the safe deposit industry. www.sdspec.com