Friday, August 16, 2019
12:00 – 1:30 pm (Eastern Time)
11:00 – 12:30 pm (Central Time)
10:00 – 11:30 am (Mountain Time)
9:00 – 10:30 am (Pacific Time)
This final installment in our 9-course safe deposit webinar series teaches attendees about the policies and procedures needed to be implemented after a robbery in the safe deposit box vault area.
If the bank does not follow such policies and procedures, then it could face new risks and legal problems after the actual robbery occurred.
Regulators prefer that banks have procedures in place for use immediately after a vault area is violated.
Bank safe deposit robberies have become a reality. They are not as rare as they once were. Each bank must have procedures in place to be used in the event of the dreaded robbery. Don’t be caught without such procedures.
Paul J. Sanchez, CPA, CBA, CFSA conducts a 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.