Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum MITR
Thread Options
#658850 - 12/29/06 01:38 PM MITR
gunches Offline
100 Club
Joined: Dec 2005
Posts: 210
We purchased money from our sister bank and gave them a money order for it. Do we need to complete a MITR??
Last edited by gunches; 12/29/06 01:40 PM.
Return to Top
BSA/AML/CIP/OFAC Forum
#658989 - 12/29/06 03:58 PM Re: MITR gunches
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Yes. There is no exemption available in the regulation from the recordkeeping requirement for cash purchases of monetary instruments.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z