BSA
What does SAR stand for?
Suspicious Activity Report
What does Reg P cover?
What is used to determine how often an area/topic is audited?
Risk Assessment
What is the CTR threshold?
$10,000 cash in or out
What does CRA stand for?
Community Reinvestment Act
Who is Waterford Bank's regulator/examiner?
The OCC
What is the Bank's BSA/AML software?
Verafin
Flood: How many days must a customer have flood insurance before closing?
10 days
Who approves the scope of an audit?
The Audit Committee
What are CIP Requirements?
Name, Physical Address, Tax ID and Birthdate
Who does Reg O apply to?
Executive officers, board of directors and their related interests.
Who presents reports to the Audit Committee?
Auditor - must be done independently