BSA/AML Examiner School Case Study

BSA/AML EXAMINER SCHOOL Case Study – Wires

You selected a sample size of wires, including four incoming wires and three outgoing wires. Review the wire documentation to ensure all required information is gathered, and wire parties are checked against OFAC, as required.

1) Did management obtain all the information as required for funds transfer recordkeeping requirements?

2) Did management check all parties in the wire for OFAC purposes?

3) Does the bank have appropriate funds transfer procedures?

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

For Training Purposes

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Updated: 3/13/2025