Bank Secrecy Act Update

Bank Secrecy Act Policy Template Update - 04/26/05

Bankpolicies.com is proud to announce the immediate availability of our revised Bank Secrecy Act Policy Template.

What's New

Topic 22 - Money Services Business Guidelines. This topic was created in response to the Interagency Joint Press Release "Guidance and Advisory Issued on Banking Services for Money Services Businesses Operating in the United States," which issued interpretive guidance designed to clarify the requirements for, and assist banking organizations in, appropriately assessing and minimizing risks posed by providing banking services to money services businesses.

http://www.federalreserve.gov/boarddocs/press/bcreg/2005/20050426/default.htm

What's Revised

Topic 2 - Policy Description, Authority and Scope. This topic was revised to include a short policy statement regarding adherence to Money Services Business guidelines.

Topic 24 - Retention of Records. This topic (formerly Topic 23) was revised to include a short statement regarding document retention for money services businesses.

Product Contents

Purpose and Contents - Topic 1

Policy Description, Authority and Scope - Topic 2

Definitions - Topic 3

Staff Training - Topic 4

Exemptions - Topic 5

New Exemption - Topic 6

Certification of Exemption List - Topic 7

Currency Transaction Reporting - Topic 8

Certification of CTR - Topic 9

Requests for Information - Topic 10

Suspicious Transactions - Topic 11

Currency and Foreign Transaction Reporting - Topic 12

Identification for Elderly or Disabled People - Topic 13

Monetary Log Guidelines - Topic 14

Certification of Monetary Logs - Topic 15

Funds Transfer System - Topic 16

Reports of Crimes and Suspected Crimes - Topic 17

Audit Policy - Topic 18

Anti-Money Laundering Policy - Topic 19

Know Your Customer Policy - Topic 20

Customer Identification Program Policy - Topic 21

Money Services Business Guidelines - Topic 22

Penalties - Topic 23

Retention of Records - Topic 24

Includes the following form templates:

BSA Checklist for Funds Transfers - 1 page
BSA Checklist for High Risk Accounts - 1 page
BSA Exemption Form - 1 page
BSA Money Services Business Checklist - 2 pages
BSA Money Services Business Questionnaire - 3 pages

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$375.00 - List Price

- or -

$50.00 - Update Price (applies only to clients who have previously purchased our Bank Secrecy Act Policy Template product)

If you have ordered this product within the past 30 days since 04/26/05 you are eligible to receive the Product Update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the upgrade or list price (whichever applies).

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Find Out What's New with our Product Update Program

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How does it work? Clients who previously purchased the product are offered an "update" via e-mail at a substantial discount off the current list price, whereas clients who have not are provided an opportunity to get it hot off the press! Additionally, clients who have ordered the product from us within the past 30 days are eligible to receive the update for free!

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