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Product Update Notification - 02/23/09 Wire Transfer Policy Update Details What's New Topic 4 - Risk Management. This new topic contains the following subtopics: BSA, AML and OFAC Requirements Customer Due Diligence and Approval Requirements Prohibition on Funding of Unlawful Internet Gambling Requirements Topic 25 - Staff Training. Provides sample guidance for the periodic training of customers and financial institution personnel. What's Revised Topic 8 - Wire Transfer Agreement. Formerly Topic 7, the following subtopics were added: General Relationship Officer Responsibilities Wire Transfer Department Responsibilities Internet Banking Department Responsibilities Topic 26 - Retention of Documentation. Formerly Topic 24, the entire contents were revised to provide sample guidance for the retention of wire transfer documentation. The following form template was also revised: Wire Transfer Agreement Form Template Processing Wire Transfers. A new final paragraph was added. Product Contents Purpose and Contents - Topic 1 Policy Statement - Topic 2 Risk Management - Topic 3 Security and Control Procedures - Topic 4 Outgoing Wire Transfer - Domestic - Topic 5 Outgoing Wire Transfer - International - Topic 6 Outgoing Wire Transfer - Method of Funding - Topic 7 Wire Transfer Agreement - Topic 8 Outgoing Wire Transfer Request Form Topic 9 Outgoing Wire Transfer - Origination Procedures - Topic 10 Outgoing Wire Transfer - Internet Banking - Topic 11 Outgoing Wire Transfer - In Person Request by Customer - Topic 12 Outgoing Wire Transfer - Customer Request by Telephone or Fax - Topic 13 Outgoing Wire Transfer - Proceeds from a Loan - Topic 14 Outgoing Wire Transfer - Customer Requests by Mail - Topic 15 Incoming Wire Transfer - Receipt and Verification - Topic 16 Incoming Wire Transfer - Crediting an Account - Topic 17 Incoming Wire Transfer - Crediting a Loan - Topic 18 Incoming Wire Transfer - Pay Upon Proper Identification - Topic 19 Service Charges - Topic 20 Tracing a Wire Transfer - Topic 21 Daily Reserve Position - Topic 22 Balancing and Certification of Wire Transfers - Topic 23 Audit Policy - Topic 24 Staff Training - Topic 25 Retention of Documentation - Topic 26 Includes the following form templates: Wire Transfer Agreement (4 pages) Wire Transfer Request - Outgoing (1 page) Wire Transfer Worksheet (1 page) Ordering Information This product is available to purchase from Bankpolicies.com for: $200.00 - List Price - or - $25.00* - Update Price *Applies only to clients who have purchased the Wire Transfer Policy Template within the last three years including the following update (if applicable): Wire Transfer Policy Template Update - 01/23/08 - $75.00 If you have ordered this product after 01/23/09 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. |