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August 26
Keeping Bank Secrets: Things you Can Go to Jail for Telling;
Mary Beth Guard

September 8
Checkup for your RDC Program;
Susan Orr

September 10
Critical Issues on Certificates of Deposit;
Deborah Crawford

September 16
S.A.F.E. Act - Auditing for Compliance;
Patricia Cashman

September 22
FinCEN's Beneficial Owners Proposal: What It Can Mean for You;
Sonja Kriegsmann and John Burnett

September 23
Bankruptcy 101;
Sam Ott



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: 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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