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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.

Reviewed: September 2018 (no changes necessary)
Re-versioned: June 2016

What You'll Learn

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)


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

​Course Credits

ABA Professional Certifications: 0.50 CCTS, CFSSP, CLBB, CRCM, CSOP, CTFA​

​Questions? Please contact for more information.




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