Thread Options
#1109347 - 01/12/09 07:36 PM Transaction monitoring
Tocomply Offline
Platinum Poster
Joined: Nov 2004
Posts: 650
I know I read this somewhere but I just can't find it. My question is where in the regulation does it states that a bank is responsible to take actions to find suspicious activity?

Return to Top
BSA/AML/CIP/OFAC Forum
#1109352 - 01/12/09 07:38 PM Re: Transaction monitoring Tocomply
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Sec. 103.18 Reports by banks of suspicious transactions.

The best guidance is found in the online FFIEC BSA exam manual.
_________________________
Life without Jesus is like an unsharpened pencil - it has no point.

Return to Top

Moderator:  Andy_Z