BSA Policy Template Update Detail

Bank Secrecy Act Policy Template Update Detail - 06/19/07

What's Revised

Topic 17 - Report of Crimes and Suspected Crimes.

The first two paragraphs under the "General" subtopic contain minor grammatical revisions.

Several new paragraphs were added under bullet point "1. Filing Requirements" to provide additional guidance.

A new bullet point "2. Supporting Documentation" was added under the Suspicious Activity Report subtopic.

Bullet point "4. Board of Directors Notification" was revised to incorporate additional guidance.

Bullet point "5. Bank Procedures" (formerly bullet point 4.) includes a new second paragraph and final paragraph.

The "Law Enforcement Inquiries and Requests" subtopic now includes the following bullet points:

General Rule

Right to Financial Privacy Act and Bank Secrecy Act Applicability

Maintaining Accounts

Bank Procedures

The "Sharing Suspicious Activity Reports" subtopic was revised to provide additional detail regarding the term "controlling company."

Product Contents

Purpose and Contents - Topic 1

Policy Description, Authority and Scope - Topic 2

Definitions - Topic 3

Risk Management and Assessment - Topic 4

Currency Transaction Reporting - Topic 5

Certification of CTR - Topic 6

Exemptions - Topic 7

New Exemption - Topic 8

Certification of Exemption List - 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

Anti-Money Laundering Policy - Topic 18

Know Your Customer Policy - Topic 19

Customer Identification Program Policy - Topic 20

OFAC Policy - Topic 21

Money Services Business Guidelines - Topic 22

Audit Policy - Topic 23

Staff Training - Topic 24

Penalties - Topic 25

Retention of Records - Topic 26

Includes the following form templates:

BSA Checklist for Funds Transfers - 1 page

BSA Checklist for High Risk Accounts - 1 page

BSA CIP Loan Applicant Information - 1 page

BSA Exemption Form - 1 page

BSA Money Services Business Checklist (2 pages)

BSA Money Services Business Questionnaire (3 pages)

BSA SAR Incident Report - 2 pages

Ordering Information

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

$475.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased our Bank Secrecy Act Policy Template within the last three years in addition to the following prior updates (if applicable):

Bank Secrecy Act Policy Template Update - 11/30/06 - $25.00

Bank Secrecy Act Policy Template Update - 09/12/06 - $150.00

Bank Secrecy Act Policy Template Update - 01/12/06 - $25.00

Bank Secrecy Act Policy Template Update - 09/14/05 - $50.00

Bank Secrecy Act Policy Template Update - 04/26/05 - $50.00

If you have ordered this product after 05/19/07 you are eligible to receive the updated product 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 list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.