Bank Secrecy Act
What is a Currency Transaction Report?
This list of Specially Designated Nationals that the Bank is required to black the funds of is also called these four-letters?
What is OFAC?
The newst pillar of the BSA program is call this two-word terms. This new area applies only to entitles and is designed in order to identify the controlling party.
What is Beneficial Ownership?
These are four pieces of information which the Bank must obtain for every new customer as required by regulation.
What is legal name, date of birth, physical address, and tax payer identification number?
True or False
Fines can be imposed on the Bank, Directors, Officers, and employees of the Bank for BSA Violations
What is True?