BSA/AML: Recordkeeping - Wires, Money Orders, and Other Challenges


Describes information the bank retains for wire transfers, and the travel rule and the information the originator’s bank obtains and transmits for transactions. Explores the recordkeeping requirements for direct and indirect purchases of monetary instruments, and for extensions of credit, lending products, and other types of transactions.

Updated: Aug. 2017
Re-versioned: June 2016

Learning Objectives

After completing this course, students will be able to:

  • Recognize bank recordkeeping requirements for wire transfers
  • Explain the recordkeeping requirements for monetary instruments
  • Describe recordkeeping requirements for an extension of credit and other BSA transactions—including, FINCEN 314(a) and (b)

Audience

Employees involved with originating  or disbursing wire transfers, selling negotiable instruments, opening accounts or taking loan applications, and responsible for record retention.

​Course Credits









​​​​​​​​​

​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

ABA Member • $55
Non-Member • $75

 

 Related Training