Compliance
NON MEMBER CASHING A CHECK, YOU MUST CHECK THIS
WHAT IS THE OFAC SANCTIONS LIST
ONE OF THE TOOLS THE U.S GOVERNMENT USES TO FIGHT DRUG TRAFFICKING, MONEY LAUNDERING, AND OTHER CRIMES.
WHAT IS THE BSA/BANK SECRECY ACT
REPORTING OF DEPOSITS IN CASH OVER $10,000.00
WHAT IS A CURRENCY TRANSACTIONS REPORT
THERE ARE FOUR REQUIREMENTS THAT WE MUST OBTAIN FOR A NEW MEMBER FOR CIP. THE DATE OF BIRTH, PHYSICAL ADDRESS, THE ID NUMBER AND THE _____________.
WHAT IS THE NAME.
A MEMBER LOWERS THE AMOUNT OF CASH DEPOSIT WHEN HE/SHE IS INFORMED WE NEED TO COLLECT CERTAIN INFORMATION
WHAT IS FILING A SUSPICIOUS ACTIVITY REPORT (SAR)
IF GOLD ALERTS THE USER OF A POSSIBLE OFAC MATCH WHAT MUST BE DONE?
WHAT IS A TRACKER MUST BE PLACE WITH EXPLAINATION OF HOW THE DECISION WAS MADE TO OVERRIDE THE OFAC SCAN MATCH.
THE PROCESS OF PLACING, THROUGH DEPOSITS OR OTHER MEANS, UNLAWFUL CASH PROCEEDS INTO FINANCIAL INSTITUTIONS.
WHAT IS PLACEMENT.
KATIE SMITH COMES INTO THE CREDIT UNION AND MAKES A DEPOSIT OF $11,000.00 IN CASH TO HER CHECKING ACCOUNT AND WITHDRAWALS $12,000.00 IN CASH FROM HER SAVINGS ACCOUNT. HOW SHOULD THE CTR BE COMPLETED?
WHAT IS $11,000.00 CASH IN AND $12,000.00 CASH OUT ON THE SAME CTR.
IF THERE ARE TWO SUFFIX'S FOR A SKIP A PAYMENT ON ONE FORM, WHERE DOES THE FORM GET SAVED?
WHAT IS BOTH SUFFIX'S.
CAN YOU INFORM THE MEMBER THAT A SAR IS BEING FILED
WHAT IS NO!
IF AN ADDRESS CHANGE IS NOT DONE ONLINE BY THE MEMBER WHAT PAPERWORK IS REQUIRED?
WHAT IS THE SIGNED ACCOUNT CHANGE FORM.
THE PROCESS OF SEPARATING THE PROCEEDS OF CRIMINAL ACTIVITY FROM THEIR ORIGIN THROUGH THE USE OF LAYERS OF COMPLEX FINANCIAL TRANSACTIONS, SUCH AS CONVERTING CASH INTO TRAVELER'S CHECKS, MONEY ORDERS, WIRE TRANFERS, OR PURCHASING VALUABLE ASSETS, SUCH AS REAL ESTATE.
WHAT IS LAYERING.
IF I HAD TO FILE A CTR FOR JACK SMITH, THE SELF EMPLOYED TRUCK DRIVER WHAT SHOULD I PUT AS HIS OCCUPATION?
WHAT IS SELF EMPLOYED TRUCK DRIVER OR TRUCK DRIVER
GAMBLING, MONEY SERVICE/EXCHANGE, MARIJUANA RELATED BUSINESS AND PORNAGRAPHY RELATED BUSINESS.
WHAT ARE TYPES OF BUSINESS ACCOUNTS HONOR CREDIT UNION DOES NOT OPEN.
IF SUSAN SMITH FROM JON'S GREEN HOUSE COMES IN THE CREDIT UNION EVERY DAY IN THE MIDDLE OF WINTER AND MAKES A CASH DEPOSIT OF $9,500.00 INTO HER CHECKING ACCOUNT. HOW WOULD YOU TREAT THIS TRANSACTION FROM A BSA PROSPECTIVE?
WHAT IS SUSPICIOUS...CONTACT YOUR COMPLIANCE SPECIALIST AND/OR SUBMIT A SAR.
PROGRAM INCLUDES RISK-BASED PROCEDURES FOR VERIFYING THE IDENTITY OF EACH MEMBER, TO THE EXTENT REASONABLE AND PRACTICABLE. THE CREDIT UNION COMPLIES WITH THE USA PATRIOT ACT AND CONTAINS PROCEDURES DESIGNED TO ENABLE THE CREDIT UNION TO FORM A REASONABLE BELIEF THAT IT KNOWS THE TRUE IDENTITY OF ITS MEMBERS.
WHAT IS THE CUSTOMER IDENTIFICATION PROGRAM (CIP).
THE PROCESS OF USING AN APPARENTLY LEGITIMATE TRANSACTION TO DISGUISE ILLICIT PROCEEDS; ALLOWING LAUNDERED FUNDS TO BE DISBURSED BACK TO THE CRIMINAL. DIFFERENT TYPES OF FINANCIAL TRANSACTIONS, FICTITOUS LOANS, MAY BE USED
WHAT IS INTEGRATION.
ASHLEY DOE FROM THE EQUESTRIAN ASSOCIATION CAME IN THE CREDIT UNION TO MAKE A CASH DEPOSIT OF $10,500.00 INTO THE EQUESTRIAN ASSOCIATION'S CHECKING ACCOUNT. WHO'S INFORMATION GOES ON THE CTR?
WHAT IS BOTH ASHLEY DOE'S AND THE EQUESTRIAN ASSOCIATION.
NO PUNCTUATION REQUIRED IN GOLD
WHAT IS HOW TO INPUTTING MEMBER ADDRESS INFORMATION INTO GOLD
THE CRIMIANL PRACTICE OF FILTERING ILL-GOTTEN GAINS ("DIRTY MONEY") THROUGH A MAZE OR SERIES OF TRANSACTIONS, SO THE FUNDS LOOK LIKE PROCEEDS FROM LEGAL ACTIVITY ("CLEAN MONEY").
MONEY LAUNDERING
ATTORNEY, REAL ESTATE AGENT, NON-RESIDENT ALIENS, AND INSURANCE AGENTS ARE CONSIDERED WHAT?
WHAT ARE HIGH RISK MEMBERS.
MONEY LAUNDERING BASICALLY INVOLVES THREE INDEPENDENT STEPS THAT CAN OCCUR SIMULTANEOUSLEY.
WHAT IS PLACEMENT, LAYERING AND INTEGRATION
_____________ IS OUR CURRENT BSA OFFICER, BUT _____________ HANDLES ALL OF OUR INTERNAL BSA DOCUMENTATION AND REPORTING.
WHO IS FRANK WITUCKI AND ERICIA THOMAS.
IF A DRIVERS LICENSES IS EXPIRED DO WE NEED TO OBTAIN CURRENT DRIVERS LICENSE INFORMATION?
WHAT IS YES
THE SAR IS A CONFIDENTIAL DOCUMENT, TO WHOM DOES THE SAR GET SUBMITTED TO?
WHO IS THE COMPLIANCE SPECIALIST.