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April 24
BSA/AML Compliance: Writing the SAR Narrative
Ken Golliher

April 29
HSA Basics
Whitney Johnson

April 29
Required Training for Loan Originators
Mary Beth Guard and Jack Holzknecht

May 13
Overdraft Practices in Today's Regulatory Environment
John Burnett

May 14
Reg E Claims - Allocating Liability Correctly
Andy Zavoina

May 15
Managing Electronic Information - From A to Zettabyte
Fred Menge



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#1600663 - 09/07/11 03:31 PM Monetary Instrument Log over $3000
Newly Southerner Offline
100 Club

Registered: 06/09/11
Posts: 170
I monitor our MIL every week. How often should my BSA Officer review the MIL. And instead of me giving her thousands of pages of the report can I break down the information for her to review and initial. And if I can break down the information what information should I provide her?

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BSA/AML/CIP/OFAC
#1600700 - 09/07/11 04:12 PM Re: Monetary Instrument Log over $3000 [Re: Newly Southerner]
AFaquir Offline
Platinum Poster

Registered: 01/12/11
Posts: 763
Loc: Top of the world... and never ...
I would say if you aren't giving her "just the facts" you aren't being all that effective.

My BSA assistant does 75% of my heavy lifting. I trust my asssitant, but at the end of the day I am responsible so sometimes I do ask for the "full report" not just the highlights. However most of the time I only want the "interesting" stuff.

As far as what you want to provide from the MIL list, we look at trends... I use what I call the rolling 3 report. People who show up multiple times a week on the MIL over a rolling 3 month period. Sometimes people are on it all the time, sometimes just once and then fall right off. This way I can get an idea of what is going on in the bank, without having to consider everything that pops up every month.

Cheers!
_________________________
In life, there is a lot less that could get better and a lot more that could get worse.

MBA Fin/MBS HR

My views only!

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