BSA/AML Examiner School - Case Study Oct 2023

BSA/AML EXAMINER SCHOOL 314 (a) Information Sharing

You decided to verify whether appropriate searches were conducted for select dates in 2015 and 2016. The table below shows the dates that you selected, and the bank provided records for those specific dates. You emailed FinCEN to obtain a SISS report and compared it to bank records.

01/06/2015 01/20/2015 02/03/2015 02/17/2015 01/05/2016 01/19/2016

1) Did management complete all searches?

2) Are searches completed timely?

3) Does the bank have appropriate information sharing procedures in place?

4) Keep a list of any questions you have for the BSA Officer.