Safe Deposit Compliance & Legal
(Answers the Most Frequently Asked
Improve Your System:
regarding the USA Patriot Act,
Suspicious Activity Reports, Know
Your Customer, power of attorneys,
deceased renters, payable on death
leases, living trusts, court orders,
Americans with Disabilities Act,
past due boxes, abandoned property
and many other legal and compliance
areas have caused great concern and
confusion for the safe deposit
industry. At this workshop you will
receive current information about
all of these issues and an in-depth
explanation about how they impact on
your financial institution and your
safe deposit box renters.
a nationally known expert in the
area of safe deposit, will provide
clear concise answers to complicated
questions regarding your
institution’s responsibility and
potential liability. He will also
identify and discuss various
compliance issues relating to each
You Will Learn:
answers to the following questions
and establish internal procedures to
comply with your own safe deposit
How does the
Patriot Act affect safe deposit
can you “Know Your
(safe deposit) Customer”?
money, guns or drugs be legally
stored in a box?
should your safe deposit employee
file a “SAR”?
violations are compliance examiners
you set up a safe deposit contract
as a living trust?
Should a power of attorney be used
to enter a renter’s box?
can adding a “payable on death”
clause get you sued?
can legally enter a deceased
renter’s box in your state?
should you answer renter’s questions
do drug enforcement officers need to
legally enter a box?
does the American with Disabilities
Act affect safe deposit?
amount of safe deposit liability
insurance should you carry?
must be present during a past due
box drilling in your state?
are box contents sent to the
Unclaimed Property Department?
informative program is designed to
update safe deposit supervisors,
vault attendants, cashiers, branch
managers, compliance officers,
auditors, training directors, new
account personnel and your in-house
David P. McGuinn, President
and founder of Houston based Safe
Deposit Specialists, is a former
banker with over 30 years of safe
deposit experience and is often
referred to nationwide as the safe
deposit GURU. In all 50 states he
has trained over 200,000 safe
deposit personnel since 1969, and
has served the industry as President
of the American, Texas and Houston
Safe Deposit Associations. Dave is a
featured speaker for the American
Bankers Association’s TV network and
has been interviewed by the Wall
Street Journal, Money Magazine, New
York Magazine, Kiplinger Newsletter,
National Public Radio, FDIC, CUNA,
CNN, CBS, ABC, NBC Nightly News and
Court TV on current safe deposit
issues. McGuinn has created numerous
safe deposit video and audio
training programs, manuals and other
compliance products that are now the
accepted standard for the financial