Acronyms
BSA
Suspicious Activity
New Account Requirements
OFAC
100
BSA
What is Bank Secrecy Act
100
How many days do we have to file a CTR
What is 15
100
If a member comes in to make a deposit of $50,000.00 and we tell the member that we are filing a CTR and the member changes their mind. In the next couple days, that member comes in and deposits less than $10,000.00 per day, to stay under the CTR filing. What are they doing?
What is BSA Evasion or Suspicious Activity
100
not your nickname but the name as listed on your birth certificate and identification
What is legal name
100
An OFAC scan has to be ran before we send one or before we deposit one of these
What is wire
200
OFAC
What is Office of Foreign Assets Control
200
Who does the final filing of the CTR
What is Compliance Officer
200
A person writing checks at bank A to Bank B to cover checks that they wrote at Bank B, then writes a check off Bank B to cover they check they just wrote at Bank A. What are they doing?
What is kiting
200
When the member entered the world
What is date of birth
200
who is backup when the compliance officer is gone
What is Amber or Paul
300
CTR
What is Currency Transaction Report
300
What is the dollar amount that we have to file a CTR
What is $10,000.01 and over
300
Teller is withdrawing funds from a dormant account for a member and then error corrects the transaction after the member leaves and withdraws more cash and pockets the funds. What is this called?
What is insider abuse or embezzlement
300
the number assigned to a person when they are born
What is social security number
300
What don't you do if you get a hit?
What is post
400
MARS
What is Matt, Amber, Rudy and Sheldon
400
What is BSA reporting for?
What is suspicious activity
400
Member has a business and takes in money and/or checks for individuals and brings the funds to their financial institution. That member then turns around and wires those funds out (out of the country maybe) for this person. What could they be doing?
What is money laudering
400
There are 2 things that we run on the member (that we can tell them we are doing) at account opening
What is chex systems and a credit report
400
What shouldn't you let people get
What is your goat
500
SAR's
What is Suspicious Activity Report
500
Does the Board of Directors have to have BSA training?
What is Yes
500
Joe Smith is applying for a loan but he needs his wife to sign on the loan with him. The loan officer has never met the wife and does not ask for identification. Joe brings in his girlfriend and she signs all the documentation with his wife's name. What kind of fraud is this?
What is loan fraud
500
Who does Rudy report to?
What is Board of Directors
500
Who is the biggest Packers fan that works here?
What is Gary
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