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



December 3, 2014
Overdrafts: Latest Regulatory Feedback, Guidance & Best Practices Webinar
David Dickinson and Jerod Moyer

December 4, 2014
Freebies, Bonuses and Contests
John Burnett and Andy Zavoina

December 9, 2014
Bankruptcy: Creditor Do's and Don'ts
Sam Ott

December 10, 2014
Branch Audits: What Is Going On Out There?
Patricia Cashman

December 11, 2014
Setting up New Accounts for Trusts
Mary Beth Guard

December 17, 2014
Integrated Disclosures - An Implementation Strategy
Mary Beth Guard and Jack Holzknecht

December 18, 2014
Loan Review Best Practices for a Community Bank
Bob Fritzlan

December 19, 2014
PREPAID PRODUCTS - Understanding the CFPB Proposal
John Burnett



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