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BSA Training

Horizontales
Transactions done in multiples
A bureau of the United States Treasury that collects data about financial transactions to combat domestic and international money laundering
For what amount doe we do a CTR
The breaking up of large sums to not attract attention
An individual, a corporation, a partnership, or other entity
The acronym for the Bank Secrecy Act
Mean Green! Moola!
Criminals use multiples of these
BAS requires all institutions to do with reports
When dirty money is passed through a variety of transactions to disguise it from illegal sources
This is the first step of money laundering, when the money is put into the financial institution
Verticales
Taking money back to avoid Currency Transaction Reporting
The acronym for Suspicious Transaction Reporting
Used in transacting business legally or illegally
Only one transaction
Criminal activities using cash and banks/credit unions
What we must pull on any member performing a wire transfer
What are the civil penalties for not filing or willful violations of reporting