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December 3, 2014
Overdrafts: Latest Regulatory Feedback, Guidance & Best Practices Webinar
David Dickinson and Jerod Moyer

December 4, 2014
Freebies, Bonuses and Contests
John Burnett and Andy Zavoina

December 9, 2014
Bankruptcy: Creditor Do's and Don'ts
Sam Ott

December 10, 2014
Branch Audits: What Is Going On Out There?
Patricia Cashman

December 11, 2014
Setting up New Accounts for Trusts
Mary Beth Guard

December 17, 2014
Integrated Disclosures - An Implementation Strategy
Mary Beth Guard and Jack Holzknecht

December 18, 2014
Loan Review Best Practices for a Community Bank
Bob Fritzlan

December 19, 2014
PREPAID PRODUCTS - Understanding the CFPB Proposal
John Burnett



Topic Options
#1507673 - 02/09/11 03:56 PM OCC and the MLR
Pisces Offline
Member

Registered: 11/30/06
Posts: 67
Loc: Texas
For those of you that are OCC banks and have to complete the MLR (money laundering risk system),what is the definition of official bank checks?

This is the first item on the BSA/AML Quantity of Risk Summary Form.

Just curious to see how others are interpreting.

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Operations Compliance
#1507701 - 02/09/11 04:22 PM Re: OCC and the MLR [Re: Pisces]
califgirl Offline
Diamond Poster

Registered: 03/04/02
Posts: 2285
Loc: The O.C., California
Do you have the User Guide? It says monetary instruments includes Travelerís Checks, Official Checks, Cashierís Checks, and Money Orders.
_________________________
I can explain it to you. I can't understand it for you.

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#1507798 - 02/09/11 05:59 PM Re: OCC and the MLR [Re: Pisces]
Pisces Offline
Member

Registered: 11/30/06
Posts: 67
Loc: Texas
Yes.....I have the numbers for travlers checks and money orders or cashiers checks.

But I still do not know what falls into the "official bank checks" group.

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