Should the BSA Officer be responsible for recording AND monitoring cash shipments to and from a branch location for BSA purposes???

Responsible? Depends on the structure of the bank. However, someone should be monitoring cash shipments for unusual fluctuations in volumes that may indicate some other suspicious activity taking place at that branch location.

We are a Fed regulated bank and they have repeatedly asked for the cash shipment records of the branches and inquired about our monitoring process. Their point is if something is happening at a branch whether it be a customer who suddenly needs more cash or someone is exchanging currency the cash shipment monitoring is another tool to spot suspicious activity.

I can't see the BSA Officer recording shipments unless this is a very small one location bank. Branch/cash vault staff should be recording cash shipments. The BSA Officer should be reviewing reports of cash shipments along with other reports for unusual movements of cash that could indicate a customer pattern has changed or that there is something at the branch itself that needs to be investigated.

Thanks. That was my thought as well.