BSA/AML Examiner School - Case Study Oct 2023

LCB 12/15

Checklist 10.3: Funds Transfer Recordkeeping (cont.)

As Orittinating Institution

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For each payment order of $3,000 or more that it accepts as an originator's financial institution, does the institution retain the following: 31 CFR 1020.410(a)(1)(i) • The name and address of the originator? 31 CFR 1020.410(a)(1)(i)(A)

Y Y Y

The amount of the payment order? 31 CFR 1020.410(a)(1)(i)(B)

•

Y Y

Y

The execution date of the payment order? 31 CFR 1020.410(a)(1)(i)(C)

•

Y Y

Y

Y Y Y

• Any payment instructions received from the originator with the payment order? 31 CFR 1020.410(a)(l)(i)(D)

Y Y Y

• The identity of the beneficiary's financial institution? 31 CFR 1020.410(a)(1)(i)(E)

Y Y Y

• As many of the following items as are received with the payment order: (1) The name and address of the beneficiary; (2) The account number of the beneficiary; and (3) Any other specific identifier of the beneficiary? 31 CFR 1020.410(a)(1)(i)(F)

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