Introductory BSA/AML Examiner School, Providence, RI

Automated Clearing House (ACH) • Risk Factors – High dollar transactions – Internet transactions – Originated through TPSP • OFAC requirements • Covered payment requirements

Red Flags • Volume of transactions on an ACH account a. Does it match the anticipated activity? b. Does the Financial Institution (F.I.) have documentation for anticipated activity on the account? • Volume of return items, frequency of duplicate presentment, and customer complaints • How does management handle over limit occurrences?