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

September 23
Bankruptcy 101;
Sam Ott

September 24
Using CPTED to Make Our Banks Safer;
Dana Turner and Carol Dodgen

September 30
Revised Escrow Rules - Review and Update;
Jack Holzknecht and Mary Beth Guard

October 7
CRA - Digging for Credit;
Patricia Cashman

October 8
Applicants and Applications: Knowing the Players and the Rules;
David Dickinson



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?

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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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