BSA
Daily Aggregate Cash Transactions over $10,000.
When do we file a CTR?
Must live, work, worship, or attend school in Lowndes, Clay, Oktibbeha County, or be an employee of a SEG.
How can a person qualify for membership at TFCU?
ID documentation that cannot be scanned/copied into the member's record but can be used for ID purposes; however, you must document that this was the ID that was used.
What is a Military ID?
This is who you contact if you receive an OFAC match.
Who is Bettina Henderson or Carol Griffin?
1959
When was CAFBFCU/TFCU Founded?
Anti-Money Laundering Framework; Customer Due Diligence; SAR & CTR Reporting; Record Keeping
What are the key components of the BSA?
Identify Member, Update Information, Read CEMS and Notes, and SMILE.
What should I do with every member interaction?
Signature
DL number
DoB
What is needed to cash a check for a non-member?
Record Retention Extended to 10 Years
What is the new OFAC Recordkeeping guideline?
A way for us to increase awareness of TFCU and hopefully put smiles on faces throughout the communities we serve.
What is the TFCU Duck?
Structuring; Money Laundering; Fraud;
Tax Evasion; Financial Crimes
What are reasons we file a SAR?
Member has a loan and has lost his job.
When can I offer to do Subsequent Action Form or Skip a Pay?
Sets minimum standards for when deposited funds must be made available to members.
What is Reg CC?
Employees, BOD, and the Supervisory Committee. There must also be a log kept of who attended.
Who needs annual BSA Training?
The quality of being honest and having strong moral principles; moral uprightness.
What is Integrity?
Disclosure; Account Information;
Verify Identity; OFAC Check
Retain Records
What are the customer identification program (CIP) requirements?
You don't know the answer
Service isn't available
You need to transfer the customer
Customer wants to bend the rules
What are the tips that were provided on Customer Service?
The primary administrator of the BSA.
Who is FinCEN?
Responsible for the administration and enforcement of economic and trade sanctions.
What is OFAC?
They function as an independent "watchdog" to ensure the credit union's board of directors and management operate ethically and meet regulatory requirements.
What are the Supervisory Committee's duties?
Compliance Officer; Policies & Procedures; Ongoing Training; Independent Testing; Risk Based Customer Due Diligence
What are the 5 Pillers that keep a BSA Program Strong?
All about understanding who our members are and what kind of activity we should expect from their accounts.
What is Customer Due Diligence?
Work As a Team; Report Suspicious Activity by Filing a UAR; Attend BSA Training; Keep confidential information confidential
As an employee, what can I do to prevent fraud?
Was created to stop terrorist acts within the US. It also gives us the ability to share information with other FIs
What is the US Patriot Act?
To provide overall governance, direction, and strategic oversight on behalf of its members.
Who are the BOD?