Our Trust area was recently criticized in an audit because the area completed an e-learning training session for BSA training. The auditors indicated that the trust area should have "enhanced" BSA training. Could you provide me what type of additional information may be needed for the Trust area (we cover anti-money laundering, CTRs, SARs, etc. - the usual information). Do you of know of any software or training material that is geared toward the Trust area?
I recently heard at a meeting that there are 5 banking regulations that it is mandatory to have training on. Which regulations are they?
We had an individual come in to open a savings account that was hispanic and had a matricula consular id. He also gave us a social security number. When we checked the SS# was registered to a woman in California. We asked him to show us his SS card. He said it was at home and he would go get it. He never returned. ID theft maybe. Suspicious yes. Over any $$ reporting thresholds on a SAR, no. Should a SAR be filed and why if it is below $5,000?