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July 29
W-9, W-8BEN and W-8 BENE: IRS issues new forms and new rules;
Deborah Crawford

July 31
ACH Security Framework Rule - Small Rule, Big Implications;
Rayleen Pirnie

August 6
Part I
Flood Insurance: Requirements and Best Practices
A Two-Part Companion Webinar Series;
David Dickinson and Jerod Moyer

August 12
A to Z of Reg E;
Andy Zavoina

August 13
Part II
Flood Insurance: Requirements and Best Practices
A Two-Part Companion Webinar Series;
David Dickinson and Jerod Moyer



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#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: 2252
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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