BSA & AML
What the acronyms BSA & AML stand for.
Bank Secrecy Act & Anti-Money Laundering and Abatement Act
The document that provides notice to our customers about our privacy policy.
What is the Privacy Notice?
The location of the Technology Policy.
What is the Spring Policies page?
Oly Fed's general funds availability policy.
What is to make funds from your cash, check, and electronic direct deposits available to you on the same day we receive your deposit.
Defined by the FBI as one or more individuals actively engaged in killing or attempting to kill people in a populated area.
What is an active shooter?
The amount of cash used to purchase a negotiable instrument that would trigger reporting.
$3,000.00 or more.
Two examples of nonpublic personal information.
What is the customer's name, telephone number, address, SSN, place of work, or the fact that they have an account with us.
True or False:
Oly Fed work computers and associated products are not just for business purposes, but intended for personal use too.
FALSE .
The brochure you would refer to if a customer had questions about funds availability.
What is the Terms & Conditions brochure?
The three options you have in the event of an active shooter event.
What is Run, Hide, Fight.
To conduct a financial transaction with knowledge that the funds or property involved are the proceeds of crime and with the intention of furthering that crime, or concealing or disguising the proceeds.
What is Money Laundering.
The three types of safeguards in place to combat security threats.
What are administrative safeguards, technical safeguards, and physical safeguards.
True or False:
If an employee indicates they work for Oly Fed on social media, their voiced opinions on that platform may be interpreted as the viewpoint of the company.
TRUE.
What the acronym HMDA stands for.
What is Home Mortgage Disclosure Act.
True or False:
In the event of an active shooter, you should make sure you gather all of your belongings prior to making your escape.
FALSE.
The dollar amount in cash that triggers a need to file a CTR.
$10,000.01
The four identification requirements of CIP.
What is a legally verifiable name, date of birth, a physical address, and a tax identification number.
The primary goal of the Truth in Savings Act.
What is to allow consumer to compare "apples to apples".
True or False:
HMDA information is used to tell the public more about the way your institution is serving the credit needs of local neighborhoods.
TRUE.
In the event of an active shooter, this is a last resort and only if your life is in imminent danger.
What is Fight.
Two examples of records or reporting that banks are required to complete that allows law enforcement to detect money laundering.
Negotiable Instrument Log, Missing TIN Log, CIP Exception Log, Currency Transaction Report, Suspicious Activity Report.
A pattern or specific activity that indicates the possible existence of identity theft.
What is a Red Flag?
In general, when you should provide a Truth in Savings disclosure.
What is any time a customer signs up for a service referred to in the Terms and Conditions brochure
OR
whenever the customer has questions about any of the account terms.
The date in which the below customer would receive the entirety of their funds:
Mr. Smith, an established customer brings his payroll check from the school district to the drive thru on 1/15/24 to be deposited to his checking account.
What is 1/15/24.
True of False:
Since 2018, active shooter incident data reveals an upward trend.
TRUE