Description
Describes information the bank retains for wire transfers, and the travel rule and the information the originator’s bank obtains and transmits for transactions. Explores the recordkeeping requirements for direct and indirect purchases of monetary instruments, and for extensions of credit, lending products, and other types of transactions.
What You’ll Learn
After completing this course, students will be able to:
- Describe recordkeeping requirements for an extension of credit and other BSA transactions, including Sections 314(a) and (b) of the USA PATRIOT Act
