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Reg CC
Privacy
Red Flags
BSA
BSA ...Continued
100
The number of days funds must be made available for a local check.
What is the second business day?
100
Personally identifiable financial information provided by a consumer to a financial institution or otherwise obtained by a financial institution
What is Nonpublic Personal Information?
100
Matt Morris.
Who is in charge of the bank's Red Flags program?
100
Sharm Sisler.
Who is the Bank's BSA Officer?
100
This is the form number for completing a CTR.
What is FINCEN form 104?
200
Negative balance 6 or more banking days with previous 6 month period.
What is a repeat overdrafter?
200
Missing Information Absent Minded Caller Overly Aggressive Caller
What are three warning signs of a possible pretext call?
200
Accounts identified as being at risk for identity theft.
What are "covered accounts"?
200
This is the name of report required to be filed for cash transactions involving more than $10,000.
What is the Currency Transaction Report?
200
This is the time frame for CTR record retention.
What is five years?
300
The number of days funds must be made available for a local item under an exception hold.
What is the seventh business day?
300
Shred Secure Information Resist Intimidation Authenticate
What are four ways to protect customer information?
300
November 1, 2008
What was the mandatory start date for the Red Flag program under the regulation?
300
These are the three steps that occur in Money Laundering.
What are Placement, Layering and Integration?
300
OFAC (abbreviation for what)
What is the Office of Foreign Assets Control?
400
The amount that must be given for immediate credit excluding large deposit exception holds.
What is $0.00?
400
Hi. This is Bob with Sears CreditCard Collection and Skip Trace department. We have a mutual customer in John Jones. I need some information from you regarding his account. In return, maybe I can alert you to some irregular financial activity on his part.
What is an example of pretext calling?
400
The term _________ _________ means a pattern, practice, or specific activity that indicates the possible existence of identity theft.
What is "Red Flag"?
400
The Bank must maintain record for each bank check or draft, cashier’s check, money order or traveler’s check it sells or issues for this amount or more in cash.
What is $3,000.00?
400
The bank is protected under this rule for filing a SAR.
What is "Safe Harbor"?
500
This is the dollar figure the aggregate amount must meet to use the large deposit exception.
What is $5,000.00?
500
Date and amount of last deposit Last debit card purchase location Mortgage payment made to
What are ways of authenticating a call if the caller is unknown?
500
A step for identifying potential Red Flags which must be done on all new covered accounts before it is opened.
What is the Red Flag New Account Opening Checklist?
500
The number of calendar days the bank has to file a SAR once suspicious activity has been detected.
What is 30 days from detection?
500
These are two of the five dollar limits for filing a SAR.
What are: 1) Suspected Insider Abuse: Report any amount. 2) Suspicious transactions where the bank has identified the suspect-report if amount is equal or greater than $5,000. 3) Suspicious transactions where the bank has not identified a suspect-report if amount equals or exceeds $25,000. 4) Known violations of the BSA-Report if amount equals or exceeds $5,000. 5) The BSA officer will file SARs for amounts less than those specified above, if he or she has reason to believe the transaction to an illegal activity as defined on the SAR.