Skip to content

Establishing a Kiting Pattern

Answered by: 

Question: 
It is my understanding that a ninety day review is required to establish a true kiting pattern. Is this a BSA or industry requirement?
Answer: 

It's not a requirement at all. It's a suggestion that you'll need to review at least three month's activity to confirm the existence of a kite and have a good idea of the transaction patterns involved. However, if you suspect a kite in process based on recent transaction history, you shouldn't wait until three months' activity has piled up before taking decisive action to protect your bank from loss.

First published on BankersOnline.com 12/13/10

First published on 12/13/2010

Filed under: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics