Upcoming Webinars

Members and nonmembers are invited to register for all of our upcoming webinars.

Upcoming Webinars

Members and nonmembers are invited to register for all of our upcoming webinars.

March 15, 2023  |  10:00 am

2023 Update: Safe Deposit Compliance & Security Issues


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Did you inherit the safe deposit area and then start wondering what liability might exist? Historically, this responsibility has been routinely passed from employee to employee with little attention given to existing procedures or documentation. Unfortunately, only after a serious employee mistake or a disaster, burglary or lawsuit occurs, does management turn its attention to this area.

What You Will Learn:

This presentation answers many thought-provoking questions and addresses the following topics:

Regulatory Compliance and Legal Issues:

  • Why did the FBI and DEA drill all boxes and seize the renter’s box contents?
  • What seven (7) suspicious safe deposit activities require you to submit a SAR?
  • Why are financial institutions being sued after incorrectly drilling renter boxes?
  • How does the Servicemembers Civil Relief Act (SCRA) apply to past due boxes?
  • Does the “Beneficial Ownership of Legal Entities” law apply to all business boxes?

Security and Disaster Recovery Issues:

  • Why did $400 million in box contents disappear during a safe deposit vault burglary?
  • How can FDIC or NCUA signs, logos or brochures create safe deposit liability?
  • Why should all renters be provided with a “No Insurance” disclosure form?
  • What thirty questions will always be asked in any safe deposit lawsuit?
  • Why are nationwide safe deposit vault burglaries now on the rise?


 PRESENTER-David P. McGuinn, President and founder of Safe Deposit Specialists

David is a former Senior Vice President and Cashier with over 50 years of safe deposit experience and is often referred to nationwide 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 numerous training programs, compliance brochures, and his Policy and Procedures, Regulatory/Compliance, Box Relocation, Marketing/Profitability and Disaster Recovery (Flood & Fire) Manuals are now recognized as the accepted standard for the safe deposit industry.

 PAYMENT: $25 to CA members, $275 to non-members

MODERATOR: Gary Iorfido, JD, CCBCO, Compliance Anchor Consultant


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