Are there any specific record-keeping requirements (wire log) for international wire transactions in regards to requesting and documenting the "purpose" of the transaction?

Outside of the 'normal' recordkeeping requirments, for those who deal with international wires, do you typically record the 'purpose'? If so, how did you implement it and are you aware of any rules/regulations that say the 'purpose' should be documented?

We record the purpose for wire transfers $3,000 and over. We just added it to the wire form. I'm not aware of any rules or regs that require the purpose to be obtained or documented. It just goes along with know your customer and what their doing.

There are no BSA requirements to obtain a statement of purpose for wire transfers, domestic or foreign. Requiring it as a matter of bank policy is increasingly common.

Thanks everyone!