Beruflich Dokumente
Kultur Dokumente
Section A - Administration
Audit Objective
Determine that the bank has developed, and administers and maintains a
program that ensures and monitors compliance with the Bank Secrecy Act
anti-money laundering regulations.
Audit Program
1. Determine that the bank has implemented a compliance program
designed to assure and monitor compliance with the recordkeeping
and reporting requirements of the Bank Secrecy Act (BSA) and its
anti-money laundering (AML) regulations. Determine that program
policies and procedures are:
Documented in writing.
Approved by the board of directors and noted in the board
minutes.
Reaffirmed annually as required by policy.
Updated to reflect changes in the law and operations.
6. Determine that the bank retains copies of the following records for a
minimum of five years:
Audit Objectives
To determine compliance with Section 326 of the USA Patriot Act,
requiring financial institutions to implement a customer identification
program.
To determine compliance with foreign correspondent and private
banking relationships and information sharing.
Audit Program
Customer Identification Program (CIP)
Program is documented.
Program is approved by the board of directors and is
incorporated into the bank's BSA program.
Program includes identification and verification of new accounts
Audit Program
Bank Secrecy Act and Anti-money Laundering
Audit Objective
To determine that the bank complies with the Office of Foreign
Assets Control (OFAC) regulations prohibiting specific transactions
with targeted countries and individuals or entities that are known to
be acting on behalf of targeted countries.
Audit Program
1. Determine that the bank has written policies and procedures for
complying with OFAC laws and regulations.
5. Verify the bank rejects funds transfers that are remitted (outgoing):
NOTE: The bank may not reject the instructions and cannot accept
a customer's cancellation of the original instructions. "Suspense"
accounts should not be used. The only manner that the bank can
process a transfer related to a targeted country is if the underlying
transaction is authorized by general or specific license from OFAC.
10. Review any reports of blocked funds remitted during the audit
period and verify the following has been provided:
12. Determine the bank releases funds from accounts that have been
blocked only with specific authorization from the U.S. Treasury
Department.
13. Determine that records relating to blocked property are retained for five
years after the date property is unblocked and are made available to
the U.S. Secretary of the Treasury upon request. All other records must
be retained for five years after the date of the transaction.
Audit Objective
To determine that procedures are in place to ensure compliance with
recordkeeping requirements for funds transfers in the amount of U.S. $3000
or more.
Audit Program
Suspicious Funds Transfer Monitoring
3. Determine that the wire transfer database used for analysis by the
BSA officer is complete.
Audit Objective
To determine that adequate procedures are in place to ensure the
identification and reporting of currency transactions greater than U.S.
$10,000 to the U.S. Internal Revenue Service (IRS).
Audit Program
1. Determine if the bank has received a U.S. Treasury Department
targeting order. If it has, consider scope modifications.
The bank filed Form 4790 within 15 days after receipt when it
received U.S. currency (or other monetary instruments) in an
aggregate amount exceeding $10,000 on any one occasion,
which was transported, mailed, or shipped to the bank from
any place outside the United States, in which a form had not
previously been filed.
Audit Objective
To determine that exemption procedures are in compliance with the
administrative exemption rules.
Audit Program
1. Determine whether the bank maintains a centralized list of
customers who are exempt from CTR requirements.
2. Obtain and review the centralized list to ensure that only the
following permitted exemptions are included:
Domestic banks.
Federal, state, and local government agencies and any entity
exercising governmental authority (powers to tax, exercise
the authority of eminent domain, or exercise police powers).
Any entity listed on the New York Stock Exchange, American
Stock Exchange, or NASDAQ Stock Market (franchises are
not included.)
Subsidiaries of a listed entity (provided the listed entity owns
51 percent.)
Non-listed businesses (includes franchises of a listed
business.)
Businesses that make frequent cash withdrawals for payroll
purposes.
NOTE: All cash transactions are exempt and the entity need
not have an account relationship.
Audit Objectives
To determine that periodic reviews of exempt account holders are
performed to ensure that only properly qualified account holders remain
exempt and that there is a system in place to monitor accounts of exempt
persons for suspicious activity.
Audit Program
1. Obtain and review the bank's policies and procedures for the
annual review and biennial renewals of exempt persons.
Audit Program
Bank Secrecy Act and Anti-money Laundering
4. Determine that the bank submits a biennial filing with the U.S.
Treasury to renew the exempt status of non-listed businesses and
payroll customers (designation of exempt persons) as follows:
Audit Objective
To determine that adequate procedures are in place to maintain records of
cash sales of monetary instruments for $3,000 to $10,000.
Audit Program
1. Obtain and review the bank's policies and procedures for the sale
of monetary instruments and document the bank's policy for selling
monetary instruments to both deposit and non-deposit account
holders.
Audit Objective
To determine that procedures are in place for the identification and
reporting of suspicious transactions relevant to a possible violation of law or
regulation.
Audit Program
4. Verify that SARs are filed within 30 calendar days of the date of
initial detection of the facts that cause the bank to believe a
suspicious activity has occurred.
6. Review a random sample of SARs that have been filed by the BSA
officer since the last review. Verify that information reported is
correct and forms are properly completed, as follows:
A. Timeliness of filing:
The report was filed within 30 calendar days of the date
of initial detection of the facts that caused the bank to
believe a suspicious activity has occurred.
If the report was not filed within 30 days, the filing delay
(an additional 30 days) was in order to identify a
suspect.
7. Determine that the bank maintain copies of all SAR filed and any
supporting documentation for five years after the date of filing.