Latest Operations - BSA Topics

Question: We just discovered we were using calendar days instead of business days to aggregate transactions to file CTRs.

The FDIC recently issued a bulletin entitled "Guidance On Currency Transaction Reporting Exemptions" (FIL-43-96).

Question: We just completed an internal audit on our Bank Secrecy compliance and discovered fifteen CTRs we should have filed for aggregate deposits by businesses over two months ago that we

The annual ABA Spring Bank Compliance Forum Teleconference is coming up on March 28, and we were requested to supply some statistics and quotes from the BANKERS' HOTLINE for "factoids" that will ap

by Sarah N. Welling

by Thomas W. Martin

After many months of meetings, letters, drafts, discussion, more meetings, more drafts,-we finally have a Suspicious Activity Report (SAR) to take the place of the old Criminal Referral Form.

Almost all casinos and other "non-bank" entities must adhere to the Bank Secrecy Act and report to the IRS as financial institutions.

BANKERS' HOTLINE advisor John Byrne sent us a copy of the comment letter sent from the ABA to the Federal Reserve Board of Governors about the new Suspicious Activity Report (SAR-formerly the Crimi

Declare Partnership With Financial Institutions To Fight Money Laundering
by Al Gillum