BSA/AML Examiner School - Case Study Oct 2023

BSA/AML EXAMINER SCHOOL Purchase & Sale of Monetary Instruments

Review the six records related to the purchase and sale of monetary instruments to ensure procedures are appropriate and all required information is obtained. Consider the following questions.

1) Did the institution obtain all the required information?

2) What types of monetary instruments are they selling?

3) Does it appear they are selling monetary instruments to non-customers?

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