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#359960 - 05/16/05 08:23 PM Control List Question
Anonymous Unregistered	I've read the recent article by Mary B. where she compares the control list to the OFAC list. I'm not clear on some points. Should the Control list be checked against all tranactions the same as the OFAC list? Is there a form to complete to prove and verify the records were checked? Seems like purchasing software is the easiest and most efficient way to ensure a bank is checking everything correctly.
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#359961 - 05/16/05 08:25 PM Re: Control List Question
IUalum Platinum Poster Joined: Mar 2002 Posts: 942 Kentucky	The control list has been discontinued for right now. _________________________ Opinions expressed are mine and not necessarily that of my employer.
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#359962 - 05/16/05 08:42 PM Re: Control List Question
BrendaC Power Poster Joined: Sep 2001 Posts: 6,029 Sweet Home AL	Everyone should have received instructions and a FAQ sheet along with the 314 a lists (I am assuming you meant 314a). These instructions provide specific guidelines on what records to check. You can access the User Guide and instructions on the Secure Sharing System (Web Site where you pull down your lists). _________________________ Life without Jesus is like an unsharpened pencil - it has no point.
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#359963 - 05/16/05 11:15 PM Re: Control List Question
Anonymous Unregistered	Is the control list and the 314(a) list the same???
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#359964 - 05/17/05 12:00 AM Re: Control List Question
Kathleen O. Blanchard 10K Club Joined: Dec 2000 Posts: 21,293	The biweekly 314a list replaced the randomly issued control list a while back. _________________________ Kathleen O. Blanchard, CRCM "Kaybee" HMDA/CRA Training/Consulting/Mapping The HMDA Academy www.kaybeescomplianceinsights.com
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#359965 - 05/17/05 02:57 AM Re: Control List Question
Princess Romeo Power Poster Joined: Jun 2001 Posts: 8,272 Where the heart is	Remember when the very first control list went out on FDIC FIL? Whoopsie! I see those particular FIL's from October 2001 are no longer available on FDIC's website. I would have love to have been a fly on the wall when THAT conversation took place......"You did WHAT????? _________________________ CRCM,CAMS Regulations are a poor substitute for ethics. Just sayin'
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#359966 - 05/17/05 03:28 AM Re: Control List Question
Kathleen O. Blanchard 10K Club Joined: Dec 2000 Posts: 21,293	I remember when the list first came out and it had hundreds and hundreds of names on it. We were in shock. I was at a "really big bank" then so it was quite a treat. _________________________ Kathleen O. Blanchard, CRCM "Kaybee" HMDA/CRA Training/Consulting/Mapping The HMDA Academy www.kaybeescomplianceinsights.com
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#359967 - 05/17/05 04:09 AM Re: Control List Question
Princess Romeo Power Poster Joined: Jun 2001 Posts: 8,272 Where the heart is	Quote: I remember when the list first came out and it had hundreds and hundreds of names on it. We were in shock. I was at a "really big bank" then so it was quite a treat. Stop! You're making me nostalgic! Remember when we were all preparing for Y2K? http://isaacrtree.tripod.com/y2k_jokes.htm http://www.amazinghumor.com/jokes/computerjokes/y2kbackupsystem.shtml http://www.weirdity.com/millenium/ Ah....the good old daze...... _________________________ CRCM,CAMS Regulations are a poor substitute for ethics. Just sayin'
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#359968 - 05/17/05 04:27 AM Re: Control List Question
Kathleen O. Blanchard 10K Club Joined: Dec 2000 Posts: 21,293	We didn't know how good we had it back then! _________________________ Kathleen O. Blanchard, CRCM "Kaybee" HMDA/CRA Training/Consulting/Mapping The HMDA Academy www.kaybeescomplianceinsights.com
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#359969 - 05/17/05 06:40 AM Re: Control List Question
Andy_Z 10K Club Joined: Oct 2000 Posts: 27,754 On the Net	Quote: We didn't know how good we had it back then! I was recently reminiscing about BSA. Remember when BSA was all about how to fill out a CTR. That was pretty much it. Yes, I agree with your statement. _________________________ AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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#359970 - 05/17/05 11:59 AM Re: Control List Question
thomasj Power Poster Joined: Mar 2001 Posts: 5,063 Pennsylvania	Quote: I was recently reminiscing about BSA. Remember when BSA was all about how to fill out a CTR. That was pretty much it. Ahhh the good old days! I can remember an auditor pouring over three months worth of CTRs and nit picking 2 or three because a box was not checked or the teller rounded down instead of up. Our response to those audits was to file an amended CTR and move on. Could someone pass me a tissue?? _________________________ Knowledge is knowing what to say. Wisdom is knowing when to say it.
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#359971 - 05/17/05 12:03 PM Re: Control List Question
Princess Romeo Power Poster Joined: Jun 2001 Posts: 8,272 Where the heart is	Quote: Quote: I was recently reminiscing about BSA. Remember when BSA was all about how to fill out a CTR. That was pretty much it. Ahhh the good old days! I can remember an auditor pouring over three months worth of CTRs and nit picking 2 or three because a box was not checked or the teller rounded down instead of up. Our response to those audits was to file an amended CTR and move on. Could someone pass me a tissue?? And you have to wonder, did the lack of a box being checked, or the difference of $1 on the CTR make or break a serious money laundering investigation? _________________________ CRCM,CAMS Regulations are a poor substitute for ethics. Just sayin'
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