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Product Update Notification - 09/30/08 Bank Secrecy Act Policy Template Update Details What's Revised Topic 4 - Risk Management and Assessment. The fourth and fifth paragraphs of the "Automated Clearing House Transactions" subtopic were revised. Topic 14 - OFAC Policy. The following changes were made to the "OFAC Background, Enforcement and Penalties" subtopic: The following bullet points were added and/or revised: 3. Types of Responses to Apparent Violations. 4. General Factors Affecting Administrative Action. 6. Civil Penalties for Failure to Furnish Information or Keep Records. 7. Civil Penalties. The following bullet points were deleted: 3. OFAC's Evaluation of Conduct Violations. 5. Factors Affecting Administrative Action. 6. License Suspension and Revocation. The following definitions were added to the "Definitions" subtopic: Apparent Violation Applicable Schedule Amount Penalty Proposed Penalty Regulator Subject Person Transaction Value Voluntary Self Disclosure The "Automated Clearing House Transactions" subtopic was completely revised to include the following subject matter: General OFAC Screening International ACH Transactions 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 Currency Transaction Exemptions - Topic 6 Currency and Foreign Transaction Reporting - Topic 7 Monetary Instrument Log Guidelines - Topic 8 Funds Transfer System - Topic 9 Suspicious Activity Reporting - Topic 10 Anti-Money Laundering Policy - Topic 11 Know Your Customer Policy - Topic 12 Customer Identification Program Policy - Topic 13 OFAC Policy - Topic 14 Money Services Business Guidelines - Topic 15 Audit Policy - Topic 16 Staff Training - Topic 17 Penalties - Topic 18 Retention of Records - Topic 19 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 Monetary Instrument Log Form Template (2 pages) BSA Money Services Business Checklist (2 pages) BSA Money Services Business Questionnaire (4 pages) BSA SAR Incident Report - 2 pages Ordering Information This product is available to purchase from Bankpolicies.com for: $475.00 - List Price - or - $75.00* - Update Price *Applies only to clients who have purchased the 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 - 09/27/07 - $100.00 Bank Secrecy Act Policy Template Update - 06/19/07 - $25.00 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 If you have ordered this product after 08/30/08 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 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. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |