Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual

BSA/AML Examination Procedures

Procedure

Comments

capability is used appropriately. Controls may include supervisory approval, generation of exception reports, and BSA officer and internal audit review of exception reports. • Discrepancies exist between the bank’s records of CTRs and the CTRs reflected in the download from the BSA-reporting database. • The bank retains copies (hard copy or electronic format) of CTRs for five years from the date of the report. 5. On the basis of examination procedures completed, including transaction testing, form a conclusion about the ability of policies, procedures, and processes to meet regulatory requirements associated with currency transaction reporting.

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