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August 5, 2015
HMDA – Beyond the Input
Patricia Cashman

August 11, 2015
ABCs of HSAs
Whitney Johnson

August 12, 2015
Part I: Flood Insurance - Everything You Need To Know (including June 2015 Rules)
David Dickinson and Jerod Moyer

August 13, 2015
Currency Transaction Report (CTR): Line-By-Line for Tellers
Deborah Crawford

August 18, 2015
Disaster Recovery Revisited: 5 Things You May Not Have Considered (for a while)
David Reed

August 20, 2015
Automated Monitoring Systems: Implementation to Validation
Brian Crow

August 25, 2015
MasterCard & Reg E Error Resolution
Brian Crow



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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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