Description

Describes information the bank retains for wire transfers, and the travel rule and the information the originators 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:

Recognize bank recordkeeping requirements for wire transfers

Explain the recordkeeping requirements for monetary instruments

Describe recordkeeping requirements for an extension of credit and other BSA transactionsincluding, FINCEN 314(a) and (b)

Additional information

Audience	Employees involved with originating or disbursing wire transfers, selling negotiable instruments, opening accounts or taking loan applications, and responsible for record retention.
Credits	0.50 CCTS, CFSSP, CLBB, CRCM, CSOP, and CTFA
Member Price	55.00
Non-Member Price	75.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online