Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network



January 21, 2015
HMDA Soup to Nuts
David Dickinson

January 22, 2015
Navigating the Treacherous Waters of IRA Rollovers, Transfers and Beneficiary Payouts
Patrice Konarik

January 28, 2015
Mortgage Life Cycle
Part I
David Dickinson and Jerod Moyer

February 2, 2015
Answer HSA Questions with Confidence
Whitney Johnson

February 3, 2015
BSA/AML Compliance: Recent Developments and Common Errors
Ken Golliher

February 4, 2015
Mortgage Life Cycle
Part II
David Dickinson and Jerod Moyer

February 5, 2015
Annual Lending Compliance Recap
John Burnett and Andy Zavoina



Topic Options
#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?

Top
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!

Top


Moderator:  Andy Z, Ken_Pegasus