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

BSA/AML: Recordkeeping- Wires, Money Orders and Other Challenges (ABA)- Course Code A2020SP

BSA/AML: Recordkeeping – Wires, Money Orders, and Other Challenges describes the BSA recordkeeping requirements for various types of bank records. This course includes information the bank should collect or retain for each wire transfer, including recordkeeping for noncustomers and PUPID transaction. It emphasizes the importance of being able to retrieve information for law enforcement. This course also describes the travel rule and the information the originator’s bank should obtain and transmit for transactions. This course explores the recordkeeping requirements for direct and indirect purchases of monetary instruments, including acceptable identification for account holders and nonaccount holders. It examines recordkeeping requirements related to extensions of credit, lending products, and other types of transactions.


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)


Clients Who Trust Us

Signup for our newsletter and be the first to know about new courses and discounts:
  • This field is for validation purposes and should be left unchanged.