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    2018 Safe Deposit Series: Bank Robbery Involving Safe Deposit Boxes?

    Tuesday, June 5, 2018 - 11:00 AM - 12:30 PM ET
    $199.00
    *
    This is Part VI of our VI-Part 2018 Safe Deposit Series.

    Overview

    Hopefully, your Institution banks will never face a robbery situation, but if you are violated, then the information in this session will be valuable. This session addresses the not-so-uncommon dreaded bank robbery that involves violation of the customer safe deposit boxes. 

    This webinar will teach you about the policies and procedures you need to implement after a safe deposit box robbery. If you don't follow these regulations, then you could face new risks and legal problems after the robbery is over.

    Regulators prefer that banks have procedures in place for use immediately after a vault area is violated. This session provides those procedures. 

    Covered Topics

    The major issues to be addressed when there is a burglary include:

    •     Legal liability to the box customers
    •     Insurance protection
    •     Control of items found in the vault (usually on the floor; left behind by the burglars)
    •     Negotiation and resolution of customers claims

    Specific procedures to follow immediately after the robbery is discovered are covered in detail along with sample letters to: 

    1.    Customers whose boxes were broken into by the thieves
    1.    Customers whose boxes were not broken into by the thieves
    1.    Regulatory customers requesting they come to the bank to view found property
    1.    Sample contents affidavit 

    Who Should Attend?

    This webinar will help newcomers and experienced personnel. All safe deposit personnel at all levels should be involved with such a webinar at least once if not periodically.

    The webinar is a must for assuring safe and sound practices in the safe deposit area. 

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    Overview

    Hopefully, your Institution banks will never face a robbery situation, but if you are violated, then the information in this session will be valuable. This session addresses the not-so-uncommon dreaded bank robbery that involves violation of the customer safe deposit boxes. 

    This webinar will teach you about the policies and procedures you need to implement after a safe deposit box robbery. If you don't follow these regulations, then you could face new risks and legal problems after the robbery is over.

    Regulators prefer that banks have procedures in place for use immediately after a vault area is violated. This session provides those procedures. 

    Covered Topics

    The major issues to be addressed when there is a burglary include:

    •     Legal liability to the box customers
    •     Insurance protection
    •     Control of items found in the vault (usually on the floor; left behind by the burglars)
    •     Negotiation and resolution of customers claims

    Specific procedures to follow immediately after the robbery is discovered are covered in detail along with sample letters to: 

    1.    Customers whose boxes were broken into by the thieves
    1.    Customers whose boxes were not broken into by the thieves
    1.    Regulatory customers requesting they come to the bank to view found property
    1.    Sample contents affidavit 

    Who Should Attend?

    This webinar will help newcomers and experienced personnel. All safe deposit personnel at all levels should be involved with such a webinar at least once if not periodically.

    The webinar is a must for assuring safe and sound practices in the safe deposit area. 

    Presenter:

    Paul J. Sanchez

    Paul J. Sanchez, CPA, CBA, CFSA, CGMA conducts a small CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University - C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors. He also was on the technical staff of the Auditing Standards and Examinations Divisions of the AICPA. He practiced public accounting in the New York office of Deloitte where he also was a firm recruiter and in-house professional development instructor. He was an owner and auditing and accounting seminar leader for the Person/Wolinsky CPA Review Courses, a company that prepared candidates to pass the Uniform CPA Examination. He is a frequent lecturer and seminar leader for accounting, auditing, banking, risk assessment and other professional presentations. He is the author of the textbook, “Accounting Basics for Community Financial Institutions” (Financial Managers Society, 2 nd edition, Chicago, 2009) and the “Ideas an Analysis Letter: The Sanchez Take” (see www.sanchez-psa.com). As a contributing author, his chapter on ‘An Auditor’s Approach to Risk-Based Auditing: What to Audit and When,’ is included in the textbook, “Effective Auditing for Corporates: Key Developments in Practice and Procedures,” (Bloomsbury Information, Ltd, London, 2012).