BSA/AML Examiner Training Series 2

Code

Violation Description

Code

Violation Description

66002 Failure to retain records for funds transfers of $3M or more

Section 314(a) - 31 CFR Chapter X

1020.410(a)(1)(i)

70000 Failure to search records

66004 Failure to retain payment orders of $3M or more as beneficiary’s financial institution. 1020.410(a)(1)(iii) 66005 Failure to obtain required information for transfers of $3M or more by non-customer originators 1020.410(a)(2)(i) and (ii) 66006 Failure to retain additional information on non-customer beneficiaries of payments of $3M or more 1020.410(a)(3)(i) and (ii) 66007 Failure to retain funds transfer originator information by name and account number 1020.410(a)(4) 66008 Failure to retain funds transfer beneficiary information by name and account number 1020.410(a)(4) 66009 Failure to verify identity using acceptable identification documents 1020.410(a)(5) 66010 Failure to include information on funds transfer transmittal orders of $3M or more 1010.410(f)(1) 67000 Failure to obtain TIN or keep list of customers with missing TIN 1020.410(b)(1) 67001 Failure to maintain account signature authority documents 67002 Failure to maintain record of each transaction on each deposit account 1020.410(c)(2) 67003 Failure to maintain each item over $100 charged to a deposit account 1020.410(c)(4) 67004 Failure to maintain record of each item and transactions over $10M remitted or transferred outside the U.S. 1020.410(c)(5) and (6) 67005 Failure to retain record of check or draft over $10M issued by a foreign financial institution 1020.410(c)(7) 67006 Failure to maintain each item and transaction over $10M received in foreign exchange outside the U.S. 1020.410(c)(8) and (9) 67007 Failure to retain certain records to reconstruct demand deposit account for five years 1020.410(c)(10) 67008 Failure to maintain transaction and customer information of CD purchases 1020.410(c)(11) 67009 Failure to maintain information on customer presenting CD for payment 1020.410(c)(12) 67010 Failure to retain deposit / credit ticket over $100 for electronic deposits 1020.410(c)(13) 1020.410(c)(1)

1010.520(b)(3)(i)

70001 Failure to report to FinCEN accounts or transactions

1010.520(b)(3)(ii)

70002 Failure to designate contact person or provide contact information 70003 Using or disclosing information for purposes other than those allowed 1010.520(b)(3)(iv)(A) and (B) 70004 Lack of adequate procedures to protect security and confidentiality of information 1010.520(b)(3)(iv)(C) 1010.520(b)(3)(iii) 60000 Failure to file CTR for non-exempted transactions over $10M 1020.311 60001 Failure to treat multiple transactions over $10M as a single transaction 1020.313 60005 Failure to perform annual review of exempt person 60006 Failure to document monitoring of exempt person transactions 1020.315(e)(1) 60007 Failure to file CTR for transactions of an agent of an exempt person 1020.315(f) 1020.315(d) 64000 Failure to follow ID procedures or failure to record ID method 1020.312 65000 Failure to maintain records on sales of monetary instruments between $3M and $10M 1010.415(a) 65001 Failure to aggregate multiple monetary instrument purchases 1010.415(b) 65002 Failure to retain records of cash purchases of monetary instruments for five years 1010.415(c) 66000 Failure to retain records of loans over $10M 66001 Failure to retain instructions of transactions over $10M sent outside the U.S. 1010.410 (b) and (c) 1010.410(a) Financial Recordkeeping - 31 CFR Chapter X 63000 Untimely filing of CTR 1010.306(a)(1) 63001 Failure to furnish information required in CTR 1010.306(d) 63002 Failure to retain CTR for five years 1010.306(a)(2)

67011 Failure to maintain check items over $100

1020.410(c)(3)

68000 Failure to retain required records for five years

1010.430(d)

Sections 208.62 and 208.63 are found in Title 12 CFR Chapter II Subchapter A Part 208 (Regulation H of the Federal Reserve Act) Sections 1010 and 1020 are found in Title 31 Chapter X - Financial Crimes Enforcement Network (Section 10XX.xxx of the Treasury Department’s Bank Secrecy Act regulations)