Cash is King OFFICIAL business Potpourri
What is $10,000?
A CTR must be filed for cash transactions exceeding this amount.
What is a monetary instrument?
Cashiers Checks, money orders, and traveler's checks are all considered to fall into this general category.
What is everyone?
Those in the Bank responsible for BSA/AML/OFAC compliance.
What is structuring?
The term for splitting up cash transactions over several days or depositing cash at different branches on the same day to avoid the filing of a CTR.
What is pouch activity?
Deposits and loan payments mailed in or delivered by courier are considered this and must be recorded on an e-form from SAILS.
What is the Suspect Transaction Form?
The customer abandons a large cash deposit after you ask for their ID to file a CTR so you must file this form with the BSA group.
What is SAILS?
Where you can find a list of exempt customers for CTRs.
What is $3,000 - $10,000?
Purchases of monetary instruments between these amounts must be recorded in a log.
What is Cuba, Iran, Syria, and North Korea?
The four countries the Bank cannot do any business with, according to OFAC sanctions.

BSA Teller 101

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