Bsacs - Study guides, Class notes & Summaries

BSACS As part of 314(a), CUs must conduct..... - ANSWER-a one-time search of its records to identify accounts or transactions of a named suspect. Unless otherwise instructed by an information request, search records for: current accounts; accounts maintained during the preceding 12 months; and transactions conducte

BSACs Exam Prep

BSACS Test Prep Exam Review Questions and answers, rated A+ Credit unions must report blocked or rejected transactions within __________ business days from the date that property becomes blocked or the transaction is rejected. a. 14 business days b. 30 calendar days c. 10 business days d. The date that the property is blocked/transaction is rejected. - THE CORRECT ANSWER IS C Blocked and rejected transactions must be reported to OFAC within 10 business days from the date that propert...

What are the five pillars of an effective BSA/AML compliance program? -:- 1. Designation of a BSA compliance officer by the Board. 2. Provide for a system of internal controls to ensure ongoing compliance 3. Provide for independent testing to be conducted by credit union personnel or outside parties 4. Provide training for appropriate personnel 5. Appropriate risk-based procedures for conducting ongoing member due diligence Who all is required to receive BSA/AML training? -:- Ne...

BSACs Exam Prep with 100- accurate correct answers 2024_2025.

BSAC Exam Prep - 2023 Actual Questions and Answers with complete solution

BSACS CERTIFICATION (CUNA BSACS CERTIFICATION) QUESTIONS WITH ALL CORRECT ANSWERS!!